Jammu and Kashmir Bank Ltd gains for third consecutive session

Jammu and Kashmir Bank Ltd is quoting at Rs 36.1, up 1.55% on the day as on 12:54 IST on the NSE. The stock is down 32.71% in last one year as compared to a 5.39% drop in NIFTY and a 21.22% drop in the Nifty PSU Bank index.

Aug 27, 2019 07:08 IST capital market

Jammu and Kashmir Bank Ltd gained for a third straight session today. The stock is quoting at Rs 36.1, up 1.55% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 11106.15. The Sensex is at 37628.39, up 0.36%. Jammu and Kashmir Bank Ltd has slipped around 3.48% in last one month.

Meanwhile, Nifty PSU Bank index of which Jammu and Kashmir Bank Ltd is a constituent, has slipped around 10.56% in last one month and is currently quoting at 2488.45, up 2.39% on the day. The volume in the stock stood at 4.51 lakh shares today, compared to the daily average of 13.84 lakh shares in last one month.

The PE of the stock is 4.57 based on TTM earnings ending June 19.

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