Buy Jammu & Kashmir Bank, target Rs 110: Dr CK Narayan
ETMarkets.com|
Oct 26, 2017, 08.56 AM IST
Dr CK Narayan of Chart Advise has a buy call on Jammu & Kashmir Bank with a target price of Rs 110.
The current market price of Jammu & Kashmir Bank is Rs 82.90.
Time period given by the analyst is intraday when Jammu & Kashmir Bank price can reach defined target.
Dr CK Narayan recommended to keep a stop loss at Rs 70.
Jammu & Kashmir Bank, incorporated in the year 1938, is a banking company (having a market cap of Rs 4,616.36 Crore).
Jammu & Kashmir Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 4,784.35 Crore to Sales Value (71.55 per cent of Total Sales), Income From Investment which contributed Rs 1782.61 Crore to Sales Value (26.66 per cent of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 117.21 Crore to Sales Value (1.75 per cent of Total Sales) and Interest which contributed Rs 1.63 Crore to Sales Value (0.02 per cent of Total Sales)for the year ending 31-Mar-2017.
The current market price of Jammu & Kashmir Bank is Rs 82.90.
Time period given by the analyst is intraday when Jammu & Kashmir Bank price can reach defined target.
Dr CK Narayan recommended to keep a stop loss at Rs 70.
Jammu & Kashmir Bank, incorporated in the year 1938, is a banking company (having a market cap of Rs 4,616.36 Crore).
Jammu & Kashmir Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 4,784.35 Crore to Sales Value (71.55 per cent of Total Sales), Income From Investment which contributed Rs 1782.61 Crore to Sales Value (26.66 per cent of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 117.21 Crore to Sales Value (1.75 per cent of Total Sales) and Interest which contributed Rs 1.63 Crore to Sales Value (0.02 per cent of Total Sales)for the year ending 31-Mar-2017.
