Jammu and Kashmir Bank Ltd stays supported

Capital Market 

Jammu and Kashmir Bank Ltd is quoting at Rs 41.95, up 1.94% on the day as on 12:54 IST on the NSE. The stock is up 53.38% in last one year as compared to a 27.28% gain in NIFTY and a 62.53% gain in the Nifty PSU Bank index.

Jammu and Kashmir Bank Ltd rose for a third straight session today. The stock is quoting at Rs 41.95, up 1.94% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 17354.6. The Sensex is at 58048.43, up 1.35%. Jammu and Kashmir Bank Ltd has added around 16.85% in last one month.

Meanwhile, Nifty PSU Bank index of which Jammu and Kashmir Bank Ltd is a constituent, has added around 17.52% in last one month and is currently quoting at 2907.3, up 1.41% on the day. The volume in the stock stood at 17.17 lakh shares today, compared to the daily average of 44.46 lakh shares in last one month.

The PE of the stock is 6.43 based on TTM earnings ending September 21.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, January 28 2022. 13:05 IST
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