For U.S. investors tracking Indian equities, The Economic Times’ report of Kotak Mahindra Bank’s six-month beta at 0.9076 is difficult to compare because it omits the benchmark and calculation method.
In a Nov. 13 liveblog entry, The Economic Times used the figure to characterize the shares as resilient amid market swings. Groww describes beta as a comparison between a stock’s price movements and a broader market measure, but the liveblog did not identify which measure it used or how it derived the reading.
Kotak Neo’s market data shows the shares closed at ₹488.55 on the National Stock Exchange of India, down ₹1.85, or 0.38%, from the previous close of ₹490.40. The session range was ₹483.95 to ₹490.40.
Other market-data pages show different beta values: Moneycontrol displays 0.94 and 0.92, Groww lists +0.91, and StockAnalysis shows 0.26. The pages do not establish that they use the same measurement periods or methods, so their readings cannot be directly compared with one another or used to confirm the liveblog’s figure.
