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J&K BANK Surges by 5%; BSE BANKEX Index Up 1.1%

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J&K BANK Surges by 5%; BSE BANKEX Index Up 1.1%
Mon, 18 Mar 03:32 PM

J&K BANK share price has zoomed 5% and is presently trading at Rs 49.

Meanwhile, the BSE BANKEX Index is at 33,391 (up 1.1%).

Among the top Gainers in the BSE BANKEX Index today is J&K BANK (up 5.0%).

FEDERAL BANK (down 0.1%) is among the top loser today.

Over the last one year, J&K BANK has moved down from Rs 60 to Rs 49, registering a loss of Rs 11 (down 18.6%).

On the other hand, the BSE BANKEX has moved up from 27,923 to 33,391, registering a gain of 5,468 points (up 19.2%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 42.8%), ICICI BANK (up 32.4%) and KOTAK MAHINDRA BANK (up 23.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,370 (up 0.3%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 2.7%), BAJAJ FINANCE (up 2.6%) and POWER GRID (up 2.4%). Other gainers include RELIANCE IND. (up 2.4%) and TATA STEEL (up 1.9%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 11,530 (up 0.5%). IOC (up 3.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,686 to 38,370, registering a gain of 4,684 points (up 13.3%).

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 1.0x.

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Stock Market Updates

Sensex Trades Marginally Lower; Metal & Automobile Stocks Slip (Today's Market)

Jul 18, 2019 12:30 pm

Share markets in India are presently trading on a negative note. Barring finance sector, all sectoral indices are trading in red with stocks in the metal sector.

THOMAS COOK INDIA Plunges by 6%; BSE 500 Index Down 0.4% (Today's Market)

Jul 18, 2019 12:00 PM

THOMAS COOK INDIA share price has plunged by 6% and its current market price is Rs 189. The BSE 500 is down by 0.4%. The top gainers in the BSE 500 Index are CG POWER & INDUSTRIAL (up 9.2%) and VA TECH WABAG (up 4.1%). The top losers are THOMAS COOK INDIA (down 5.6%) and MINDTREE (down 7.1%).

The BSE METAL Index Down 2% ; VEDANTA LTD Among Top Losers (Today's Market)

Jul 18, 2019 11:36 AM

The BSE METAL Index Down at 10,625 (down 2.1%). Among the top losers in the BSE METAL Index today are VEDANTA LTD, COAL INDIA and JSW STEEL. Meanwhile, the BSE Sensex has plunged 0.2% to 39,204.

INDIA TOURISM DEV. Plunges by 6%; BSE 500 Index Down 0.2% (Today's Market)

Jul 18, 2019 10:38 AM

INDIA TOURISM DEV. share price has plunged by 6% and its current market price is Rs 226. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are CG POWER & INDUSTRIAL (up 10.0%) and VA TECH WABAG (up 5.4%). The top losers are INDIA TOURISM DEV. (down 5.6%) and MINDTREE (down 6.5%).

INTELLECT DESIGN Plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Jul 18, 2019 10:28 AM

INTELLECT DESIGN share price has plunged by 5% and its current market price is Rs 272. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are CG POWER & INDUSTRIAL (up 9.7%) and VA TECH WABAG (up 5.0%). The top losers are INTELLECT DESIGN (down 5.3%) and MINDTREE (down 6.5%).

MAGMA FINCORP Plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Jul 18, 2019 10:22 AM

MAGMA FINCORP share price has plunged by 5% and its current market price is Rs 96. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are CG POWER & INDUSTRIAL (up 8.2%) and VA TECH WABAG (up 5.9%). The top losers are MAGMA FINCORP (down 5.2%) and MINDTREE (down 5.9%).

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