Capital Market News Kotak Mahindra Bank Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1280.45, down 0.74% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.41% on the day, quoting at 10662.25. The Sensex is at 36210.34, up 0.44%.Kotak Mahindra Bank Ltd has gained around 2.95% in last one month.Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has increased around 5.15% in last one month and is currently quoting at 21340.75, down 0.46% on the day. The volume in the stock stood at 18.87 lakh shares today, compared to the daily average of 51.2 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1281, down 0.76% on the day. Kotak Mahindra Bank Ltd tumbled 16.56% in last one year as compared to a 8.77% slide in NIFTY and a 30.89% fall in the Nifty Bank index.The PE of the stock is 43.08 based on TTM earnings ending March 20.