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

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Markets will remain closed on 2nd April, 2020 on account of Ram Navami.

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%).

ACCESS ENDS TONIGHT: Stock Crash 2020 Creates a Potential 10x Opportunity

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

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