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14-Jan2019

Jammu & Kashmir Bank surges on reporting 43% rise in Q3 net profit

The Jammu & Kashmir Bank is currently trading at Rs. 37.25, up by 0.95 points or 2.62% from its previous closing of Rs. 36.30 on the BSE.

The scrip opened at Rs. 37.55 and has touched a high and low of Rs. 38.70 and Rs. 37.00 respectively. So far 267985 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 82.50 on 15-Jan-2018 and a 52 week low of Rs. 35.05 on 18-Dec-2018.

Last one week high and low of the scrip stood at Rs. 38.80 and Rs. 36.15 respectively. The current market cap of the company is Rs. 2074.30 crore.

The promoters holding in the company stood at 59.23%, while Institutions and Non-Institutions held 23.32% and 17.45% respectively.

Jammu & Kashmir Bank has reported 43.16% rise in its net profit at Rs 103.75 crore for the quarter ended December 31, 2018 as compared to Rs 72.47 crore for the same quarter in the previous year. Total income of the Bank increased by 20.97% at Rs 2,166.22 crore for Q3FY19 as compared Rs 1,790.77 crore for the corresponding quarter previous year.

The Bank's gross NPA for the October-December quarter of the current fiscal improved to 9.94%, as compared to 10.09% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 4.69% in Q3FY19.


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