Buy Jammu & Kashmir Bank, target price Rs 169: Anand Rathi

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08.05.2024 - 03:59

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economictimes.indiatimes.com:

Jammu & Kashmir Bank Ltd., incorporated in the year 1938, is a banking company (having a market cap of Rs 14249.30 Crore).

Jammu & Kashmir Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.

Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 3139.04 Crore, up 2.35 % from last quarter Total Income of Rs 3066.97 Crore and up 17.10 % from last year same quarter Total Income of Rs 2680.68 Crore. The bank reported net profit after tax of Rs 633.44 Crore in latest quarter.

Promoter/FII Holdings Promoters held 59.4 per cent stake in the company as of 31-Mar-2024, while FIIs owned 6.99 per cent, DIIs 7.9 per cent.

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