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J&K Bank Plunges 6%; BSE BANKEX Index Down 3.1%
Mon, 23 Mar 10:43

J&K Bank Plunges 6%; BSE BANKEX Index Down 3.1%Image source: StarLineArts/www.istockphoto.com

J&K Bank share price has plunged 6% and is presently trading at Rs 111.2.

Meanwhile, the BSE BANKEX index is at 58,299.2 (down 3.1%).

Among the top losers in the BSE BANKEX index today are Bank of Baroda (down 4.2%) and Indusind Bank (down 4.1%).

Over the last one year, J&K Bank has moved up from Rs 92.9 to Rs 111.2, registering a gain of Rs 18.3 (up 19.7%).

On the other hand, the BSE BANKEX index has moved up from 57,141.1 to 58,299.2, registering a gain of 2.0% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were AU SMALL FINANCE BANK (up 65.4%), Federal Bank (up 38.5%) and SBI (up 36.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 72,823.0 (down 2.3%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 4.4%) and Bajaj Finance (down 4.4%). The most traded stocks in the BSE Sensex are HDFC Bank and Eternal Ltd.

In the meantime, NSE Nifty is at 22,558.0 (down 2.4%). Shriram Transport and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved down from 75,449.1 to 72,823.0, registering a loss of 2,626.1 points (down 3.5%).

J&K Bank Financial Update...

J&K Bank net profit grew 10.5% YoY to Rs 5,875 million for the quarter ended December 2025, compared to a profit of Rs 5,319 million a year ago. Net sales rose 3.3% to Rs 33,149 million during the period as against Rs 32,097 million in October-December 2024.

For the year ended March 2025, J&K Bank reported 17.5% increase in net profit to Rs 20,818 million compared to net profit of Rs 17,712 million during FY24. Revenue of the company grew 11.8% to Rs 125,411 million during FY25.

The current Price to earnings ratio of J&K Bank, based on rolling 12 month earnings, stands at 5.7.


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