J&K BANK Plunges by 5%; BSE BANKEX Index Down 1.2%
August 13, 2019 11:44 AM

J&K BANK share price has plunged 5% and is presently trading at Rs 46.

Meanwhile, the BSE BANKEX Index is at 32,173 (down 1.2%).

Among the top losers in the BSE BANKEX Index today is J&K BANK (down 5.1%).

AXIS BANK (up 0.4%) is among the top gainer today.

Over the last one year, J&K BANK has moved down from Rs 59 to Rs 46, registering a loss of Rs 13 (down 22.6%)..

The BSE BANKEX has moved up from 32,003 to 32,173, registering a gain of 170 points (up 0.5%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 25.1%), KOTAK MAHINDRA BANK (up 18.9%) and CITY UNION BANK (up 8.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,755 (down 0.4%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 10.3%). The most traded stocks in the BSE Sensex are TATA MOTORS and RELIANCE IND..

In the meantime, NSE Nifty is at 11,146 (down 0.4%). INDIABULLS HOU. FIN. (up 10.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,024 to 37,755, registering a gain of -269 points (up -1.6%).

J&K BANK Financial Update...

J&K BANK net profit down at Rs 219 million for the quarter ended June 2019, compared to a loss of Rs 1 billion a year ago. Operating income rose 3.5% to Rs 20.7 billion during the period as against Rs 20.0 billion in April-June 2018.

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 0.5x.