J&K BANK Surges by 5%; BSE BANKEX Index Up 0.1%

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J&K BANK Surges by 5%; BSE BANKEX Index Up 0.1%
Fri, 26 Apr 09:36 AM

J&K BANK share price has zoomed 5% and is presently trading at Rs 64.

Meanwhile, the BSE BANKEX Index is at 33,528 (up 0.1%).

Among the top Gainers in the BSE BANKEX Index today is J&K BANK (up 5.2%).

KOTAK MAHINDRA BANK (down 0.8%) and INDUSIND BANK (down 1.0%) are among the top losers today.

Over the last one year, J&K BANK has moved up from Rs 58 to Rs 64, registering a gain of Rs 6 (up 10.5%).

On the other hand, the BSE BANKEX has moved up from 27,732 to 33,528, registering a gain of 5,796 points (up 20.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 51.3%), ICICI BANK (up 42.1%) and SBI (up 29.4%).

BREAKING: Full Details of the #1 Investment of the Decade...

What About the Benchmark Indices?

The BSE Sensex is at 38,898 (up 0.2%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 2.8%), AXIS BANK (up 1.8%) and COAL INDIA (up 1.4%). Other gainers include POWER GRID (up 0.9%) and SUN PHARMA (up 0.9%). The most traded stocks in the BSE Sensex are YES BANK and TATA STEEL.

In the meantime, NSE Nifty is at 11,698 (up 0.3%). TATA STEEL (up 4.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,501 to 38,898, registering a gain of 4,397 points (up 12.4%).

J&K BANK Financial Update...

J&K BANK net profit stood at Rs 1 billion for the quarter ended December 2018, compared to a profit of Rs 725 million a year ago. Operating income rose 19.0% to Rs 20.0 billion during the period as against Rs 16.8 billion in October-December 2017.

For the year ended March 2018, J&K BANK reported 112.4% decrease in net profit to Rs 2.0 billion compared to net profit of Rs 16.3 billion during FY17.

Revenue of the company grew 1.0% to Rs 66 billion during FY18.

The current Price to earnings ratio of J&K BANK, based on rolling 12 month earnings, stands at 1.3x.



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