The Jammu & Kashmir Bank is currently trading at Rs. 58.95, up by 0.65 points or 1.11% from its previous closing of Rs. 58.30 on the BSE.
The scrip opened at Rs. 59.00 and has touched a high and low of Rs. 59.35 and Rs. 57.30 respectively. So far 130198 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 118.40 on 05-Jun-2015 and a 52 week low of Rs. 57.30 on 06-Apr-2016.
Last one week high and low of the scrip stood at Rs. 62.70 and Rs. 57.30 respectively. The current market cap of the company is Rs. 2855.34 crore.
The promoters holding in the company stood at 53.17% while Institutions and Non-Institutions held 29.86% and 16.97% respectively.
Jammu & Kashmir Bank (J&K Bank), a private sector scheduled commercial bank, has entered into an agreement with National Institute of Technology (NIT) Srinagar for providing fee payment facilities to foreign applicants seeking admissions in various engineering courses within the country under the Direct Admission of Students Abroad (DASA 2016) through its International Internet Payment Gateway besides SWIFT mode. Notably, for the year 2016-17 NIT Srinagar is the nodal institute responsible for all the admissions across India.
DASA is a program of Ministry of Human Resources (GoI) under which NRI and foreign students are admitted to various graduate and post graduate engineering courses offered by all the NITs across the country, various premier Institutes of Information Technologies (IITs), Schools of Planning and Architecture (SPAs), some Central Universities and various other leading institutes of the country.
Jammu & Kashmir Bank is the only state government owned bank in the country with the Government of J&K (GoJK) holding around 53% shareholding in the bank. J&K Bank holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.
