Jammu & Kashmir Bank is currently trading at Rs. 30.70, up by 0.50 points or 1.66% from its previous closing of Rs. 30.20 on the BSE.
The scrip opened at Rs. 30.05 and has touched a high and low of Rs. 31.05 and Rs. 30.05 respectively. So far 222783 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 48.20 on 08-Nov-2021 and a 52 week low of Rs. 23.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 31.05 and Rs. 29.25 respectively. The current market cap of the company is Rs. 2937.32 crore.
The promoters holding in the company stood at 68.03%, while Institutions and Non-Institutions held 1.70% and 30.27% respectively.
Jammu & Kashmir (J&K) Bank is looking to raise up to Rs 2,000 crore this fiscal (FY23) through a mix of debt and equity as it sees loan demand picking up due to increased economic activity. In the fiscal ended March 2022, the lender augmented its capital by raising fresh capital of Rs 1,100 crore.
Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.