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J&K BANK Surges by 12%; BSE BANKEX Index Up 0.5%

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J&K BANK Surges by 12%; BSE BANKEX Index Up 0.5%
Tue, 15 Jan 09:32 AM

J&K BANK share price has zoomed 12% and is presently trading at Rs 42.

Meanwhile, the BSE BANKEX Index is at 30,722 (up 0.5%).

Among the top Gainers in the BSE BANKEX Index today is J&K BANK (up 12.4%).

Over the last one year, J&K BANK has moved down from Rs 80 to Rs 42, registering a loss of Rs 38 (down 47.2%).

On the other hand, the BSE BANKEX has moved up from 29,462 to 30,722, registering a gain of 1,260 points (up 4.2%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 18.0%), KOTAK MAH. BANK (up 16.9%) and ICICI BANK (up 13.5%).

What About the Benchmark Indices?

The BSE Sensex is at 36,056 (up 0.6%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 2.8%), RELIANCE IND. (up 1.3%) and INFOSYS LTD (up 1.1%). Other gainers include ASIAN PAINTS (up 0.8%) and INDUSIND BANK (up 0.7%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 10,804 (up 0.6%). YES BANK (up 2.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,844 to 36,056, registering a gain of 1,212 points (up 3.5%).

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 0.8x.

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Stock Market Updates

Sensex Opens Higher; Sun pharma and L&T Top Gainers (Today's Market)

Aug 19, 2019 09:30 am

Asian share markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.5% while the Hang Seng is up 1.9%.

CENTRAL BANK Surges by 5%; BSE BANKEX Index Up 0.7% (Today's Market)

Aug 19, 2019 09:30 AM

CENTRAL BANK share price has surged by 5% and its current market price is Rs 20. The BSE BANKEX is up by 0.7%. The top gainers in the BSE BANKEX Index is CENTRAL BANK (up 5.3%). The top losers [TOPLOSERS].

FORCE MOTORS Surges by 11%; BSE AUTO Index Up 0.2% (Today's Market)

Aug 19, 2019 09:26 AM

FORCE MOTORS share price has surged by 11% and its current market price is Rs 1,257. The BSE AUTO is up by 0.2%. The top gainers in the BSE AUTO Index is FORCE MOTORS (up 10.6%). The top losers are CUMMINS INDIA and TATA MOTORS (down 0.2%).

PRESTIGE ESTATES Surges by 6%; BSE REALTY Index Up 1.2% (Today's Market)

Aug 19, 2019 09:24 AM

PRESTIGE ESTATES share price has surged by 6% and its current market price is Rs 298. The BSE REALTY is up by 1.2%. The top gainers in the BSE REALTY Index is PRESTIGE ESTATES (up 5.6%). The top losers are PHOENIX MILL (down 1.2%) and MAHINDRA LIFESPACE (down 1.9%).

BATA INDIA at All Time High; BSE FMCG Index Up 0.3% (Today's Market)

Aug 19, 2019 09:22 AM

BATA INDIA share price has hit an all time high at Rs 1,492 (up 0.9%). The BSE FMCG Index is up by 0.3%. Among the top gainers in the BSE FMCG Index today are BATA INDIA (up 0.9%) and NESTLE (up 0.9%). The top losers include ITC and GSK CONSUMER (down 0.1%).

VA TECH WABAG Surges by 7%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

Aug 19, 2019 09:20 AM

VA TECH WABAG share price has surged by 7% and its current market price is Rs 295. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index are VA TECH WABAG (up 7.1%) and NBCC (INDIA) LTD (up 5.4%). The top losers are LAKSHMI MACHINE (down 0.2%) and SKF INDIA (down 0.3%).

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