Stock Market LIVE Updates | Kotak Mahindra Bank shares fall 4% to fresh 52-week low on another bad news 

 

On Thursday, shares of Kotak Mahindra Bank dropped 4%, reaching a new 52-week low of Rs 1,561. This decline followed the announcement of the resignation of Joint Managing Director KVS Manian, delivering a blow to investor confidence. In response to this development, domestic brokerage Nuvama downgraded the stock from a buy to a reduce rating.