J&K BANK Plunges by 5%; BSE BANKEX Index Up 0.2%
May 14, 2019 09:20 AM

J&K BANK share price has plunged 5% and is presently trading at Rs 55.

Meanwhile, the BSE BANKEX Index is at 32,054 (up 0.2%).

Among the top losers in the BSE BANKEX Index today is J&K BANK (down 5.4%).

SBI (up 0.4%) and ICICI BANK (up 0.4%) are among the top gainers today.

Over the last one year, J&K BANK has moved up from Rs 54 to Rs 55, registering a gain of Rs 1 (up 1.2%)..

The BSE BANKEX has moved up from 29,739 to 32,054, registering a gain of 2,315 points (up 7.8%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 32.5%), ICICI BANK (up 21.8%) and SBI (up 21.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,147 (up 0.2%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 1.8%). The most traded stocks in the BSE Sensex are COAL INDIA and HDFC.

In the meantime, NSE Nifty is at 11,300 (down 1.2%). BHARTI INFRATEL (up 1.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,557 to 37,147, registering a gain of 1,590 points (up 4.5%).

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.