JK Bank Shares Soar On Stock Exchange


JK Bank Headquarters in Srinagar (File Photo: Abid Bhat / KO)

SRINAGAR: Shares of Jammu and Kashmir Bank gained for the fifth straight session today and recorded an appreciation of 9.74% on the NSE and 0.55%  on the benchmark NIFTY respectively during the day

Jammu and Kashmir Bank Ltd gained for a fifth straight session today as the stock prices rose by 9.74% at Rs 19.05 on the NSE. On Tuesday, the share price was Rs17.45.

Similarly, the benchmark NIFTY is up around 0.55% on the day, quoting at 10528.25. The Sensex is at 35673.02, up 0.68%. Jammu and Kashmir Bank Ltd has risen around 54.44% in last one month.

Meanwhile, Nifty PSU Bank index of which Jammu and Kashmir Bank Ltd is a constituent, has risen around 41.89% in last one month and is currently quoting at 1523.9, up 1.51% on the day. The volume in the stock stood at 108.46 lakh shares today, compared to the daily average of 60.66 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending December 19.

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