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Jammu & Kashmir Bank rises on reporting 20% rise in Q4 net profit

16 May 2013 Evaluate

Jammu & Kashmir Bank is currently trading at Rs. 1358.85, up by 16.75 points or 1.25% from its previous closing of Rs. 1342.10 on the BSE.

The scrip opened at Rs. 1358.80 and has touched a high and low of Rs. 1370.00 and Rs. 1357.50 respectively. So far 2,155 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1473.00 on 07-Dec-2012 and a 52 week low of Rs. 850.00 on 16-May-2012.

Last one week high and low of the scrip stood at Rs. 1376.50 and Rs. 1320.00 respectively. The current market cap of the company is Rs. 6,587.00 crore.

The promoters holding in the company stood at 53.17% while Institutions and Non-Institutions held 29.45% and 17.38% respectively.

The bank’s net profit for the quarter ended March 31, 2013 has increased by 20.16% at Rs 250.08 crore for the quarter as compared to Rs 208.12 crore for the quarter ended March 31, 2012. Bank’s total income has increased by 24.05% to Rs 1835.71 crore for the quarter under review, as compared to Rs 1479.81 crore for the corresponding quarter of the previous fiscal.

The bank’s net profit for the year ended March 31, 2013 has increased by 31.35% at Rs 1055.10 crore as compared to Rs 803.25 crore in previous year ended March 31, 2012. Its total income surged by 28.06% to Rs 6620.53 crore for the year from Rs 5169.70 crore of the previous year.

Peers
Company Name CMP
HDFC Bank 717.00
ICICI Bank 1352.00
Axis Bank 1220.35
Kotak Mahindra Bank 409.60
Indusind Bank 957.60
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