Why Kotak Mahindra Bank Shares Appear 80% Lower Today: Stock Trades Ex-Split

Mumbai, Jan 14, 2026 — Kotak Mahindra Bank Limited shares appeared sharply lower on price charts on Tuesday as the stock began trading on an ex-split basis following the sub-division of equity shares from a face value of ₹5 to ₹1 per share.

As a result of the adjustment, the share price on trading platforms was seen around ₹400–430, compared with the pre-split price of around ₹2,130 recorded on January 13, 2026. The move reflects an apparent decline of about 80%, which is purely technical and does not indicate any loss in shareholder value.

What Triggered the Price Adjustment​

The face value split from ₹5 to ₹1, effective January 14, 2026, increases the number of outstanding shares fivefold. When the number of shares rises by 5 times, the per-share price adjusts to roughly one-fifth of the earlier level.

This type of corporate action is typically undertaken to:

• Improve trading liquidity
• Enhance affordability for retail investors
• Increase market participation

The company’s overall market capitalisation remains unchanged after the split.

Previous Day Recap (January 13, 2026)​

Ahead of the split, Kotak Mahindra Bank shares traded largely flat and closed marginally lower.

• Previous close: ₹2,133.30
• Open: ₹2,126.90
• High: ₹2,144.40
• Low: ₹2,120.00
• Close: ₹2,132.60
• VWAP: ₹2,131.23

The stock ended the session down 0.06%, indicating no unusual price action prior to the corporate adjustment.

How the Split Reflects on Charts​

• Pre-split price: ~₹2,132
• Shares after split: 5 (₹5 → ₹1)
• Adjusted reference price: ~₹426
• Visual change on charts: ~80% lower

This decline is arithmetical, arising from the revised share count, and should not be interpreted as a market-driven fall.

Post-Split Market Snapshot​

• Corporate action: Face value split (₹5 → ₹1)
• Ex-date: January 14, 2026
• Implied adjustment: 5× shares outstanding
• Market capitalisation: Unchanged post split

Recent Price Performance (Pre-Split, as displayed)​

Based on the analytics shown before the split, the stock has delivered strong medium- to long-term returns:

• 1 Month: +389.81%
• 6 Months: +380.25%
• 1 Year: +513.29%
• 3 Years: +498.94%
• 5 Years: +466.10%

About the Company​

Kotak Mahindra Bank Limited is one of India’s leading private sector banks, offering a full range of banking and financial services across retail, corporate, and investment banking segments. The stock is a constituent of the BSE Sensex.