Kotak Mahindra Bank lost 4.48% to Rs 629.50 at 14:57 IST on BSE, with the stock sliding on profit booking after 2-day 8.75% rally.
Meanwhile, the S&P BSE Sensex was up 265.81 points or 1.43% at 18,885.53.
On BSE, 62,000 shares were traded in the counter as against average daily volume of 59,577 shares in the past one quarter.
The stock was volatile. The stock lost as much as 5.46% at the day's low of Rs 623 so far during the day. The stock rose as much as 1.81% at the day's high of Rs 671 so far during the day. The stock had hit a record high of Rs 804 on 30 May 2013. The stock had hit a 52-week low of Rs 561.20 on 5 September 2012.
The stock had outperformed the market over the past one month till 30 August 2013, rising 1.24% compared with the Sensex's 3.77% fall. The scrip had, however, underperformed the market in past one quarter, declining 17.4% as against Sensex's 7.89% fall.
The large-cap bank has an equity capital of Rs 384.03 crore. Face value per share is Rs 5.
Shares of Kotak Mahindra Bank had rallied 8.75% in two trading sessions to settle at Rs 659.05 on Friday, 30 August 2013, from a recent low of Rs 606 on 28 August 2013.
Kotak Mahindra Bank's net profit surged 42.6% to Rs 402.82 crore on 28.9% growth in total income to Rs 2652.40 crore in Q1 June 2013 over Q1 June 2012.
Kotak Mahindra Bank had 445 full-fledged branches across 260 locations and 967 ATMs.
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