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J&K Bank share price on all-time high
Published on
Tuesday, 1 April 2014
9:13 pm
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Srinagar: J&K Bank
share Tuesday jumped to its highest ever price of Rs 1635 on NSE and Rs 1629 on
BSE as the bank was among top gainers in Group A companies. The stock recorded
an appreciation of 5.56 pc and 5.04 pc at NSE and BSE respectively.
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As per a
statement from the J&K Bank, the share surged remarkably by around Rs 80 on
both stock exchanges and stood at Rs 1623.45 on NSE and Rs 1614.45 on BSE when
the markets closed. More than 1.62 lac shares were traded during.
“During the
bank’s Platinum Jubilee Year, the bank’s share has leaped by around Rs 400
displaying an unshakable market trust in growth and capacities of the bank,”
the statement said.
Notably, Credit
Suisse Group, a leading global financial services company, recently
cherry-picked J&K Bank among top five organisations in Asia as an
interesting investment opportunity. The selection was made on the basis of
business outlook, financial strength, valuation, market cap and trading
liquidity. The share of the bank for 2014 has been targeted by the group at Rs 1700
from Rs 1226.95 with potential upside of 38.6 percent.
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