Archive · 28 Jul 2025
Indian Stocks Fall; Kotak Mahindra Bank Shares Plunge
The Indian stock market went down again, with big drops in the Sensex and Nifty indexes.
Kotak Mahindra Bank's profit went down, causing its stock price to fall.
An expert suggested buying Kotak Mahindra shares if the price goes lower, and also likes Shriram Finance.
The drop was affected by disappointing earnings and investors selling stocks.
Indian stock markets declined for the third consecutive day.
Sensex fell 0.70% to close at 80,891, while Nifty dropped 0.63% to 24,680.
Kotak Mahindra Bank shares plunged after reporting a drop in net profit.
Gaurav Sharma suggests accumulating Kotak Mahindra at around Rs 1,850.
Shriram Finance was highlighted as a top pick by Gaurav Sharma.
- Who
- Sensex, Nifty, Kotak Mahindra Bank, Axis Bank, and Shriram Finance.
- What
- Stock market performance and company-specific news.
- When
- Monday, after the Q1 results were announced.
- Where
- India.
- Why
- Due to poor Q1 earnings and continued selling by foreign investors.
- Sensex Closing Value
- 80,891
- Nifty Closing Value
- 24,680
- Kotak Mahindra Bank Share Price Drop
- 7.31%
- Kotak Mahindra Bank Profit (June Quarter)
- ₹4,472 crore
- Shriram Finance Stock Gain
- 2.89%
Sources
Kotak Bank trades at a discount to top private peers. A key ratio reveals why
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Kotak Mahindra may slide further; Axis near support; Shriram Finance top NBFC pick: Gaurav Sharma
