J&K Bank share price has zoomed 3% and is presently trading at Rs 104.4.
Meanwhile, the BSE BANKEX index is at 59,294.9 (down 0.6%).
Among the top gainers in the BSE BANKEX index today are Federal Bank (up 1.0%) and IDFC FIRST BANK (up 0.9%).
ICICI Bank (down 1.4%) and Indusind Bank (down 1.4%) are among the top losers today.
Over the last one year, J&K Bank has moved down from Rs 105.4 to Rs 104.4, registering a loss of Rs 1.0 (down 0.9%).
On the other hand, the BSE BANKEX index has moved up from 49,320.6 to 59,294.9, registering a gain of 20.2% during the last 12 months.
The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 48.9%), Federal Bank (up 43.4%) and ICICI Bank (up 35.9%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 79,640.4 (down 0.9%).
The top losers among the BSE Sensex today are Tech Mahindra (down 2.5%) and M&M (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..
In the meantime, NSE Nifty is at 24,239.1 (down 1.0%). Hindalco and Shriram Transport are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,640.4, registering a gain of 14,681.7 points (up 22.6%).
J&K Bank net profit grew 44.8% YoY to Rs 5,527 million for the quarter ended September 2024, compared to a profit of Rs 3,816 million a year ago. Net sales rose 13.0% to Rs 31,237 million during the period as against Rs 27,644 million in July-September 2023.
For the year ended March 2024, J&K Bank reported 50.0% increase in net profit to Rs 17,712 million compared to net profit of Rs 11,805 million during FY23. Revenue of the company grew 19.9% to Rs 112,132 million during FY24.
The current Price to earnings ratio of J&K Bank, based on rolling 12 month earnings, stands at 5.7.
Equitymaster requests your view! Post a comment on "J&K Bank Gains 3%; BSE BANKEX Index Down 0.6%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!