Kotak Bank Shares Rise 3% on MD, CEO Appointment
Kotak Bank shares increased by 3% following the appointment of a new Managing Director and CEO. Separately, IT stocks gained while auto stocks slipped.
Stock-specific action remained in focus on Dalal Street on October 1 as investors reacted to corporate developments and key board appointments. Chalet Hotels shares fell 1% even after Jefferies retained its Buy call and a target price of ₹965 a share, citing strong growth visibility over the next period.