Jammu & Kashmir Bank is currently trading at Rs. 1250.85, up by 3.35 points or 0.27% from its previous closing of Rs. 1247.50 on the BSE.
The scrip opened at Rs. 1240.00 and has touched a high and low of Rs. 1255.00 and Rs. 1240.00 respectively. So far 629 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1429.05 on 11-Dec-2012 and a 52 week low of Rs. 995.00 on 08-Aug-2013.
Last one week high and low of the scrip stood at Rs. 1278.00 and Rs. 1220.00 respectively. The current market cap of the company is Rs. 6062.39 crore.
The promoters holding in the company stood at 53.17 % while Institutions and Non-Institutions held 31.40 % and 15.43 % respectively.
Credit rating agency, CARE has reaffirmed ‘AA’ rating to the Jammu & Kashmir Bank’s Lower Tier II Bonds worth Rs 600 crore. The bank has received the said rating on the back of its long-track record of operations of 75 years, majority ownership by the Government of Jammu & Kashmir, comfortable capitalization levels marked by consistently high Tier I Capital Adequacy Ratio (CAR), strong low-cost deposit base, moderate liquidity profile, stable financial performance during FY13 and comfortable asset quality buffered by high provision coverage.
Jammu & Kashmir Bank (JKB), a private sector scheduled commercial bank, was incorporated on October 1, 1938 and commenced business from July 4, 1939 from its registered office at Residency Road Srinagar, Kashmir. JKB is the only state government owned bank in the country with the Government of J&K (GoJK) holding around 53% shareholding in the bank. JKB holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.
| Company Name | CMP |
|---|---|
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| ICICI Bank | 1322.00 |
| Axis Bank | 1351.45 |
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| Indusind Bank | 830.60 |
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