Srinagar: J&K Bank ranks fifth among the top 10 rated sensitive stocks which can deliver up to 26% return in near term, said a report that appeared in a prominent national business daily.
J&K Bank fell sharply on 30th May 2014 from a high of 1849 to a low of 1470. However, the stock has been showing signs of accumulation thereafter and continues to be in a strong uptrend. The risk reward ratio appears favorable, the report said.
The list collated by the newspaper contains stocks of ICICI Bank, HDFC, PNB and Yes Bank besides Bajaj Auto, Reliance infrastructure, Larsen & Turbo, Sesa Sterlite and Inidabulls Real Estate. Notably, the bank ranks third among the bank stocks.
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