Jammu & Kashmir Bank Ready for Long.
First Target : 208
Second Target : 410
quote is equal to 85.440 INR at 2023-08-30. A long-term increase is expected,With a 5-year investment, the revenue is expected to be around +64.43%. Your current $100 investment may be up to $164.43 in 2028.
Future movement Prediction of The Jammu & Kashmir Bank Limited JNKBANK appears to be in uptrend, Price is above an important level of 85.13 on charts, and as long as price remains above this level, the uptrend of stock might continue.
J&K Bank has recorded its highest ever annual net profit amounting to Rs.1197 crore.
The J&K Bank has launched a defamation campaign against non-performing assets (NPAs) without giving them a fair chance to be heard, and the Federation of Chambers of Industries Kashmir (FCIK) has called for immediate intervention by the UT government to resolve the matter. The demand was made in a marathon meeting between the FCIK Advisory Committee and Presidents of organised industrial estates, held at FCIK headquarters under the chairmanship of M.D. Qureshi, which was attended by Presidents of industrial estates including Lassipora, Khunmoh, Rangreth, Zainakote, Sanat Nagar, BAMK, Zakura, Anchidora Anantnag, Vessu, Ganderbal, Gagran Shopian, Shalteng, Sopore, Baramullah, Kupwara, besides other members of the Advisory Committee.
J&K Bank today opened the new Khanetar Branch location in Poonch and commissioned a Cash Recycler Machine (CRM) in Kishtwar as part of its ongoing efforts to improve customer convenience via growth and infrastructure improvements.
The CRM in Kishtwar was officially opened by Deputy Commissioner (Kishtwar) Dr. Devansh Yadav (IAS) in the presence of the bank’s Zonal Head (Doda/Kishtwar) Fayaz Ahmad Bhat and Cluster Head Parvinder Singh in front of a crowd of esteemed clients, locals and bank representatives.
J&K Bank today opened a new branch in Tengpora, Srinagar, for the general public as part of efforts to improve banking convenience for its expanding client base. With the most recent expansion, the Srinagar zone now has 100 branches.
Jammu and Kashmir bank’s stock price target is likely to be very volatile in 2023. As of 21st August, 2023, J&K share price is up 51.94% year to date. This small cap is currently trading at a PE ratio of 6.27. The bank has been posting impressive results for the last few quarters, and the shares are expected to continue increasing.
Looking at J&K Bank’s financial statements for the past five years, we can observe some significant changes in the company’s growth. The total income for FY 2022 was ₹8,803.39 crores, showing a slight decrease of 0.34% compared to the previous year. However, the total income growth rate for FY 2019 was 19.25%, the highest among the past five years. On the other hand, provisions and contingencies have shown a declining trend over the years, with a growth rate of -49.27% in FY 2022 compared to the previous year. The profit after tax (PAT) for FY 2022 was ₹494.85 crores, reflecting a growth of 17.74% compared to the previous year. In contrast, the company incurred a significant loss of ₹1,183.39 crores in FY 2020. Despite the negative growth in the past, the company’s PAT growth has been impressive over the years. J&K Bank’s net interest margin (NIM) and net profit margin (NPM) for FY 2022 were 2.99% and 6.17%, respectively. The basic earnings per share (EPS) for FY 2022 were ₹5.96, showing a slight decline compared to the previous year. Overall, J&K Bank has been on a path of steady growth with some fluctuations in its profits and revenues. While the Price-to-Book ratio has been fluctuating, it is now at 0.84 in May 2023. The Price-to-Earning has increased to Rs 4.89.
Second Target : 410
quote is equal to 85.440 INR at 2023-08-30. A long-term increase is expected,With a 5-year investment, the revenue is expected to be around +64.43%. Your current $100 investment may be up to $164.43 in 2028.
Future movement Prediction of The Jammu & Kashmir Bank Limited JNKBANK appears to be in uptrend, Price is above an important level of 85.13 on charts, and as long as price remains above this level, the uptrend of stock might continue.
J&K Bank has recorded its highest ever annual net profit amounting to Rs.1197 crore.
The J&K Bank has launched a defamation campaign against non-performing assets (NPAs) without giving them a fair chance to be heard, and the Federation of Chambers of Industries Kashmir (FCIK) has called for immediate intervention by the UT government to resolve the matter. The demand was made in a marathon meeting between the FCIK Advisory Committee and Presidents of organised industrial estates, held at FCIK headquarters under the chairmanship of M.D. Qureshi, which was attended by Presidents of industrial estates including Lassipora, Khunmoh, Rangreth, Zainakote, Sanat Nagar, BAMK, Zakura, Anchidora Anantnag, Vessu, Ganderbal, Gagran Shopian, Shalteng, Sopore, Baramullah, Kupwara, besides other members of the Advisory Committee.
J&K Bank today opened the new Khanetar Branch location in Poonch and commissioned a Cash Recycler Machine (CRM) in Kishtwar as part of its ongoing efforts to improve customer convenience via growth and infrastructure improvements.
The CRM in Kishtwar was officially opened by Deputy Commissioner (Kishtwar) Dr. Devansh Yadav (IAS) in the presence of the bank’s Zonal Head (Doda/Kishtwar) Fayaz Ahmad Bhat and Cluster Head Parvinder Singh in front of a crowd of esteemed clients, locals and bank representatives.
J&K Bank today opened a new branch in Tengpora, Srinagar, for the general public as part of efforts to improve banking convenience for its expanding client base. With the most recent expansion, the Srinagar zone now has 100 branches.
Jammu and Kashmir bank’s stock price target is likely to be very volatile in 2023. As of 21st August, 2023, J&K share price is up 51.94% year to date. This small cap is currently trading at a PE ratio of 6.27. The bank has been posting impressive results for the last few quarters, and the shares are expected to continue increasing.
Looking at J&K Bank’s financial statements for the past five years, we can observe some significant changes in the company’s growth. The total income for FY 2022 was ₹8,803.39 crores, showing a slight decrease of 0.34% compared to the previous year. However, the total income growth rate for FY 2019 was 19.25%, the highest among the past five years. On the other hand, provisions and contingencies have shown a declining trend over the years, with a growth rate of -49.27% in FY 2022 compared to the previous year. The profit after tax (PAT) for FY 2022 was ₹494.85 crores, reflecting a growth of 17.74% compared to the previous year. In contrast, the company incurred a significant loss of ₹1,183.39 crores in FY 2020. Despite the negative growth in the past, the company’s PAT growth has been impressive over the years. J&K Bank’s net interest margin (NIM) and net profit margin (NPM) for FY 2022 were 2.99% and 6.17%, respectively. The basic earnings per share (EPS) for FY 2022 were ₹5.96, showing a slight decline compared to the previous year. Overall, J&K Bank has been on a path of steady growth with some fluctuations in its profits and revenues. While the Price-to-Book ratio has been fluctuating, it is now at 0.84 in May 2023. The Price-to-Earning has increased to Rs 4.89.
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