J&K BANK Share Price Up by 8%; BSE BANKEX Index Up 2.8%
March 3, 2021 03:35 PM

J&K BANK share price has zoomed 8% and is presently trading at Rs 32.

Meanwhile, the BSE BANKEX Index is at 40,934 (up 2.8%).

Among the top Gainers in the BSE BANKEX Index today are J&K BANK (up 7.6%) and RBL BANK (up 5.2%).

Over the last one year, J&K BANK has moved up from Rs 19 to Rs 32, registering a gain of Rs 12 (up 61.1%).

On the other hand, the BSE BANKEX has moved up from 33,117 to 40,934, registering a gain of 7,817 points (up 23.3%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were SBI (up 40.9%), HDFC BANK (up 34.2%) and ICICI BANK (up 25.1%).

What About the Benchmark Indices?

The BSE Sensex is at 51,540 (up 2.3%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 5.4%), BAJAJ FINSERV (up 5.2%) and RELIANCE IND. (up 4.9%). Other gainers include BAJAJ FINANCE (up 4.4%) and ICICI BANK (up 3.6%). The most traded stocks in the BSE Sensex are SBI and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 15,273 (up 2.2%). The top gainers in the NSE Nifty include TATA STEEL (up 5.4%), BAJAJ FINSERV (up 5.0%) and RELIANCE IND. (up 4.9%). Other gainers include BAJAJ FINANCE (up 4.3%) and UPL (up 4.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,144 to 51,540, registering a gain of 13,396 points (up 34.94%).

J&K BANK Financial Update...

J&K BANK net profit down at Rs 3 billion for the quarter ended March 2020, compared to a loss of Rs 496 million a year ago. Operating income rose 4.3% to Rs 21.6 billion during the period as against Rs 20.7 billion in January-March 2019.

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 down 0.2x.