Jammu & Kashmir Bank‘s (JK Bank) share price has painted a mixed picture lately. Following a steady climb throughout October, reaching a 52-week high of ₹140, it has undergone a slight correction in November, currently residing around ₹124. This volatility reflects a balancing act between promising internal trends and lingering external uncertainties.
- JK Bank share price Stock Information
- Investing in JK Bank Shares
- JK Bank Share Price Analysis
- Market Trends for JK Bank Shares
- Analyst Ratings for JK Bank Share price
- J&K bank share price target 2024
- J&K bank share price history
- Future of J&K bank share price
- Dividend of J&K Share Price
- Frequently Asked Questions
JK Bank share price Stock Information
J&K Bank Share Price Returns
| 1 Day | 1.41% |
| 1 Week | 0.04% |
| 1 Month | -3.21% |
| 3 Months | 14.72% |
| 1 Year | 139.39% |
| 3 Years | 366.73% |
| 5 Years | 257.44% |
Investing in JK Bank Shares
On the positive side:
- JK Bank Share Price is a well-established bank with a strong presence in North India.
- The bank has a good financial track record, with a healthy net profit margin and return on equity.
- The stock is relatively cheap, with a price-to-earnings ratio of around 9.21.
- The Indian banking sector is expected to grow in the coming years, driven by factors such as rising incomes and increasing financial inclusion.
On the negative side:
- The bank is exposed to the risks of the Indian economy, which is currently facing some challenges.
- The bank’s non-performing assets (NPAs) are relatively high, although they are declining.
- The stock is not very liquid, which means it may be difficult to buy or sell shares quickly.
JK Bank Share Price Analysis
Recent Performance:
- Upward trend: The stock has been on an upward trajectory since hitting a 52-week low of ₹44.55 in May 2023. As of today, it closed at ₹124.40, showing a 0.44% increase from the previous closing.
- Volatility: While on an upward trend, the price has experienced some volatility, with occasional dips and fluctuations.
Technical Analysis:
- Mixed signals: Some technical indicators like moving averages suggest a potential buy signal, while others like the RSI indicate slight overbought conditions. Overall, the technical picture is mixed and requires further analysis based on your specific timeframe.
QUARTERLY | ANNUALSEP 2023JUN 2023MAR 2023DEC 2022SEP 2022
| Total Income | 2,957.34 | 2,887.52 | 2,680.68 | 2,684.72 | 2,446.85 |
| Total Income Growth (%) | 2.42 | 7.72 | -0.15 | 9.72 | 6.01 |
| Provisions & Contingencies | -9.95 | 76.74 | -175.20 | 27.04 | 76.91 |
| Provisions & Contingencies Growth (%) | -112.97 | – | -747.93 | -64.84 | -47.10 |
| Profit after Tax (PAT) | 383.77 | 331.24 | 472.62 | 307.16 | 239.72 |
| PAT Growth (%) | 15.86 | -29.91 | 53.87 | 28.13 | 48.88 |
| Gross NPA (%) | – | – | – | – | – |
| Net NPA (%) | – | – | – | – | – |
| Net Profit Margin (%) | 12.98 | 11.47 | 17.63 | 11.44 | 9.80 |
| Basic EPS (₹) | 3.72 | 3.21 | 4.87 | 3.19 | 2.49 |
Market Trends For JK Bank Share
Upward Trend:
- Significant growth: JKB’s share price has seen a remarkable rise since its 52-week low of ₹44.55 in May 2023. As of October 26, 2023, it closed at ₹140.00, marking a 215% increase in just over five months. This uptrend is evident in the chart below:
- Positive momentum: Technical indicators like moving averages suggest sustained buying pressure and bullish sentiment surrounding the stock.
Factors Driving the Trend:
- Strong financial performance: JKB has demonstrated consistent profitability with a healthy net profit margin and return on equity. They boast a strong CASA ratio of 54.10%, indicating a focus on low-cost deposits.
- Improving economic conditions: The Indian economy is expected to grow at a healthy pace in the coming years, driven by factors like rising incomes and increasing government spending. This bodes well for the banking sector as a whole, including JKB.
- Government support: The Indian government has taken steps to boost the banking sector, including measures to improve liquidity and reduce NPAs. This could benefit JKB in the long run.
Analyst Ratings For JK Bank Share price
Current coverage:
- Limited coverage: As of today, October 26, 2023, only a few analysts are actively covering JK Bank share Price.
- Mixed opinion: The available ratings vary, with one analyst giving a “Strong Buy” recommendation, while others haven’t issued formal ratings yet.
Factors influencing ratings:
- Positive factors: Analysts likely consider JKB’s impressive share price growth, strong financial performance (healthy profit margins, CASA ratio), and the potential for the Indian banking sector’s growth.
- Negative factors: Potential concerns might include JKB’s relatively high NPAs, limited analyst coverage, and volatility in the stock price.
J&K Share Price Target 2024
- Financial Analyst Reports: Research reports from financial institutions and investment firms often include share price targets and recommendations for various stocks, including Jammu & Kashmir Bank. These reports may provide insights into analysts’ expectations for the company’s future performance and share price trajectory.
- Company Guidance: Jammu & Kashmir Bank may provide its own guidance or outlook for future performance, including any targets or projections related to its share price. This information may be included in the company’s annual reports, investor presentations, or other communications to shareholders.
- Market Analysis: Stay informed about broader market trends, economic indicators, and industry developments that may impact the banking sector and Jammu & Kashmir Bank specifically. Factors such as interest rates, regulatory changes, economic growth, and investor sentiment can influence share price movements.
- Consulting with Financial Advisors: Consider consulting with a financial advisor or investment professional who can provide personalized guidance based on your investment objectives, risk tolerance, and financial situation. They may help you assess the potential risks and rewards of investing in Jammu & Kashmir Bank and other stocks.
J&K Share Price History
- Stock Market Websites: Visit financial websites that provide historical stock price data, such as Yahoo Finance, Google Finance, or investing.com. These platforms often allow users to access historical price charts for specific stocks by entering the stock’s ticker symbol (e.g., J&K Bank’s ticker symbol) and selecting the desired date range.
- Stock Exchanges: Jammu & Kashmir Bank is listed on Indian stock exchanges such as the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). You can visit the official websites of these exchanges and use their historical price lookup tools to access past trading data for J&K Bank.
- Financial News Sources: Financial news websites, business newspapers, and financial magazines may also provide historical share price information for J&K Bank as part of their market coverage and analysis.
- Online Brokerage Platforms: If you have an online brokerage account or trading platform, you may be able to access historical share price data for J&K Bank through their research or analysis tools.
- Annual Reports: Jammu & Kashmir Bank’s annual reports may also contain historical share price data, especially if the reports include financial highlights or stock performance summaries for previous years.
Future of J&K Bank Share Price
- Financial Performance: Analyzing J&K Bank’s financial statements, including revenue growth, profitability, asset quality, and capital adequacy ratios, to assess its financial health and growth potential.
- Industry and Economic Trends: Understanding the broader banking industry trends and economic conditions, including interest rates, regulatory changes, and geopolitical factors, that may impact J&K Bank’s performance.
- Market Sentiment: Considering investor sentiment towards J&K Bank and the banking sector as a whole, as well as any news or developments that could influence market perceptions.
- Company-Specific Factors: Assessing J&K Bank’s strategic initiatives, management effectiveness, competitive positioning, and potential for growth or expansion.
- Risks: Identifying potential risks and challenges that J&K Bank may face in the future, such as regulatory risks, operational risks, credit risks, and market risks.
- Analyst Recommendations: Reviewing analyst reports and recommendations, as well as consensus price targets, to gauge market expectations for J&K Bank’s future performance.
Dividend of J&K Share Price
- Company Announcements: Jammu & Kashmir Bank usually announces dividend payments through official press releases or regulatory filings. You can check the company’s official website in the “Investor Relations” or “Press Releases” section for any announcements related to dividends.
- Annual Reports: The bank’s annual reports contain detailed information about its financial performance, including dividend payments. You can review the annual report for the relevant fiscal year, which is typically published after the end of the financial year, to find information about dividends paid during that period.
- Stock Exchanges: Jammu & Kashmir Bank is listed on Indian stock exchanges such as the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). You can access dividend-related information on these stock exchanges’ websites or through financial data providers.
- Financial News Sources: Financial news websites, business newspapers, and financial magazines may also provide information about dividend payments by J&K Bank and other companies.
- Consulting with Financial Advisors: If you’re an investor or shareholder of Jammu & Kashmir Bank, you can also consult with your financial advisor or investment manager for dividend-related information and guidance.
Frequently Asked Questions
As of today, October 26, 2023, JK Bank’s closing share price was ₹140.00.
The 52-week high for JK Bank was ₹145.65, reached on October 20, 2023. The 52-week low was ₹44.55, recorded on May 24, 2023.
- Volatility: The stock price has experienced fluctuations in recent months.
- High NPAs: JKB’s non-performing assets are relatively high compared to some peers.
- Limited analyst coverage: There are currently only a few analysts actively covering the stock.
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