Previous close | 1,775.30 |
Open | 1,768.00 |
Bid | 1,810.00 x 0 |
Ask | 1,813.00 x 0 |
Day's range | 1,762.00 - 1,829.70 |
52-week range | 1,544.15 - 1,926.00 |
Volume | |
Avg. volume | 502,722 |
Market cap | 3.607T |
Beta (5Y monthly) | 0.56 |
PE ratio (TTM) | 16.98 |
EPS (TTM) | 106.86 |
Earnings date | 19 Oct 2024 - 23 Oct 2024 |
Forward dividend & yield | 2.00 (0.11%) |
Ex-dividend date | 19 Jul 2024 |
1y target est | 1,334.79 |
(Bloomberg) -- An activist short-seller, a New York hedge fund, a Mauritius-based investment vehicle and a broker tied to a big Indian bank: All played a role in one of the world’s most damaging short-seller attacks.Most Read from BloombergUS Allies Say China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysZelenskiy Challenges Trump to Reveal Plans for Ending WarDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeBiden Plumme
Kotak Mahindra International Limited said on Tuesday that U.S. short-seller Hindenburg Research has never been an investor in the K-India Opportunities Fund. Kotak was responding to allegations that Hindenburg colluded with its client Kingdon Capital Management and used a Kotak group offshore fund to short Adani group shares last year. "The Fund was never aware that Hindenburg was a partner of any of its investors," Kotak said in a media statement.
A weaker majority for the Prime Minister Narendra Modi-led alliance may increase welfare spending but not result in additional borrowing, limiting a rise in bond yields, a top executive at India's Kotak Mahindra Bank said. Modi's Bharatiya Janata Party failed to get an outright majority in the recently concluded parliamentary elections, making them dependent on support from regional parties to form a government. That raised concerns that the new government will take populist measures, which will increase spending and could, in turn, see additional borrowing pressure.