iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

J&K Bank hits 52 week high, jumps 24% in five days

7 Dec 2022 , 03:20 PM

Shares of J&K Bank surged 24.53% in five consecutive sessions. On the BSE, 33.81 lakh shares were traded in the counter so far compared with average daily volumes of 16.86 lakh shares in the past two weeks. The stock hit a 52-week high of Rs 57.60 today, 7 December 2022. The stock hit a 52-week low of Rs 23.80 on 20 June 2022. The stock had outperformed the market over the past one month, rising 39.51% compared with 2.19% rise in the Sensex. The counter had outperformed the market in past one quarter, advancing 77.93% as against Sensexs 5.93% rise. The scrip had also outperformed the market in past one year, surging 53.23% as against Sensexs 8.49% rise. On the technical front, the stocks daily RSI (relative strength index) stood at 86.235. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 37.86, 34.12 and 32.41 respectively. Srinagar-based J&K Bank is a scheduled commercial bank. It functions as a leading bank in the Union Territories of Jammu & Kashmir and Ladakh. The State Government of Jammu and Kashmir holds 70.12% in the bank. The banks standalone net profit surged 119.2% to Rs 243.49 crore on 11.95 jump in total income to Rs 2,444.59 crore in Q2 FY23 over Q2 FY22.Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.