Kotak Mahindra Bank gains 5.4% for second straight week

Kotak Mahindra Bank rose 5.41 percent in the week ended 9 October 2026, its second weekly gain, and trades near its 52-week high with Rs 394 as support. Kotak Mahindra Bank Limited [

] rose 5.41 percent in the week ended 9 October 2026 to close at Rs 441. This is the second straight weekly gain, even with volatility in the broader index. The price is near its 52-week high of Rs 453.2. Two updates supported the move. The RBI approved Anup Kumar Saha as MD and CEO from 1 January 2027, and the Q2 FY27 business update showed net advances up 24.7 percent and deposits up 23.2 percent year on year. The daily chart shows a clear higher high and higher low structure. The recent break of the previous high is a Break of Structure, and the earlier low near Rs 394 now acts as support. RSI is near 68 on the daily chart, so the move is strong. What next: Rs 454 and Rs 461, near the all-time high of Rs 460.4, are the resistance levels. Q2 results on 24 October may be the next trigger. Conclusion: the trend is expected to stay bullish while the price holds above Rs 394. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.