Jammu and Kashmir Bank’s stock has jumped 150% in a year
New Delhi: Jammu & Kashmir Bank Limited has given multibagger returns to its investors in the last one year. The share price of the company was Rs 28.20 on July 25, 2022, which reached Rs 70.90 on July 24, 2023. During this period, the price of this share has increased by more than 150%. If you had invested Rs 1 lakh in it a year back, it would have been worth Rs 2.50 lakh today. In the first quarter of the financial year 2024, the bank’s net profit on a consolidated basis increased by 96.58 percent to Rs 326.67 crore. 166.18 crore in the same quarter last year. The bank’s total income grew by 25.1% to Rs 2,887.52 crore in the June quarter from Rs 2308.22 crore in the same quarter last year.
The headquarter of J&K Bank is in Srinagar. It was established in 1938. The Jammu and Kashmir government has 63.4 per cent stake in it. Today the company’s stock opened at Rs 71.03. It went as high as Rs 71.75 and went as low as Rs 70.17 in early trade. Right now it is trading at Rs 70.48 with a fall of 0.49 per cent. The stock’s 52 week high is Rs 77 and low is Rs 26.70. It is currently trading at a TTM PE of 5.05 times as against industry PE of 15.2 times. The company has a ROCE of 5.11% and ROE of 14.6% while it has a market cap of Rs 6,777 crore.
The headquarter of J&K Bank is in Srinagar. It was established in 1938. The Jammu and Kashmir government has 63.4 per cent stake in it. Today the company’s stock opened at Rs 71.03. It went as high as Rs 71.75 and went as low as Rs 70.17 in early trade. Right now it is trading at Rs 70.48 with a fall of 0.49 per cent. The stock’s 52 week high is Rs 77 and low is Rs 26.70. It is currently trading at a TTM PE of 5.05 times as against industry PE of 15.2 times. The company has a ROCE of 5.11% and ROE of 14.6% while it has a market cap of Rs 6,777 crore.
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