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J&K BANK Surges by 8%; BSE BANKEX Index Up 0.5%

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J&K BANK Surges by 8%; BSE BANKEX Index Up 0.5%
Fri, 10 May 09:30 AM

J&K BANK share price has zoomed 8% and is presently trading at Rs 58.

Meanwhile, the BSE BANKEX Index is at 32,469 (up 0.5%).

Among the top Gainers in the BSE BANKEX Index today is J&K BANK (up 8.3%).

KOTAK MAHINDRA BANK (down 0.5%) is among the top loser today.

Over the last one year, J&K BANK has moved up from Rs 53 to Rs 58, registering a gain of Rs 5 (up 7.9%).

On the other hand, the BSE BANKEX has moved up from 29,432 to 32,469, registering a gain of 3,037 points (up 10.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 34.0%), ICICI BANK (up 25.6%) and SBI (up 21.4%).

What About the Benchmark Indices?

The BSE Sensex is at 37,710 (up 0.3%).

The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 1.4%), VEDANTA LTD (up 1.2%) and YES BANK (up 1.1%). Other gainers include ICICI BANK (up 1.1%) and TATA MOTORS (up 1.0%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,343 (up 0.3%). ZEE ENTERTAINMENT (up 2.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,319 to 37,710, registering a gain of 2,391 points (up 6.7%).

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 1.1x.

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Stock Market Updates

Indian Stock Markets Turn Flat; Metal and Energy Stocks Gain (Today's Market)

Aug 23, 2019 12:30 pm

Stock markets in India are presently trading on a flat note. The BSE Sensex is trading down by 41 points and the NSE Nifty is trading up by 7 points.

ENGINEERS INDIA Surges by 6%; BSE CAPITAL GOODS Index Down 0.7% (Today's Market)

Aug 23, 2019 12:06 PM

ENGINEERS INDIA share price has surged by 6% and its current market price is Rs 101. The BSE CAPITAL GOODS is down by 0.7%. The top gainers in the BSE CAPITAL GOODS Index are ENGINEERS INDIA (up 5.6%) and BHARAT ELECTRONICS (up 5.3%). The top losers are ELGI EQUIPMENTS (down 0.1%) and LAKSHMI MACHINE (down 0.2%).

The BSE METAL Index has hit an all-time high at 8,397 (up 2.3%) (Today's Market)

Aug 23, 2019 11:36 AM

The BSE METAL Index has hit an all-time high at 8,397 (up 2.3%). Among the top gainers in the BSE METAL Index today are VEDANTA LTD and JINDAL STEEL & POWER. Meanwhile, the BSE Sensex has surged 0.0% to 36,625.

RELIANCE INFRA Surges by 5%; BSE POWER Index Up 0.7% (Today's Market)

Aug 23, 2019 11:12 AM

RELIANCE INFRA share price has surged by 5% and its current market price is Rs 38. The BSE POWER is up by 0.7%. The top gainers in the BSE POWER Index is RELIANCE INFRA (up 5.4%). The top losers are SIEMENS (down 0.3%) and POWER GRID (down 0.4%).

SOMANY CERAMICS Surges by 10%; BSE 500 Index Up 0.3% (Today's Market)

Aug 23, 2019 11:06 AM

SOMANY CERAMICS share price has surged by 10% and its current market price is Rs 293. The BSE 500 is up by 0.3%. The top gainers in the BSE 500 Index are SOMANY CERAMICS (up 10.3%) and STERLITE TECH. (up 13.1%). The top losers are TATA CHEMICALS and WHIRLPOOL OF INDIA .

GULF OIL LUBRICANTS Plunges by 6%; BSE OIL & GAS Index Up 0.5% (Today's Market)

Aug 23, 2019 10:30 AM

GULF OIL LUBRICANTS share price has plunged by 6% and its current market price is Rs 850. The BSE OIL & GAS is up by 0.5%. The top gainers in the BSE OIL & GAS Index are GAIL (up 1.1%) and OIL INDIA (up 1.0%). The top losers is GULF OIL LUBRICANTS (down 5.9%)..

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