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Markets / The Economic Times

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Uday Kotaks crisis-time MCX bet turns into a 1,618% windfall in 11 years

MCXs surge past Rs 10,000 milestone, has turned Uday Kotaks 2014 crisis-time investment into a massive 1,618% gain, with Kotak Mahindra Banks 15% stake now valued at 7,887 crore. The rally follows strong earnings, rising 29% YoY, and has pushed the stock well above key moving averages despite elevated volatility.

27 Nov 2025 11:17 am