J&K Bank jumps on strong Q2 earnings
31st October 2012 01:18 PM
Jammu & Kashmir Bank (J&K Bank) jumped on Wednesday after it has reported a surge of 35% in a net profit of Rs 2.70 billion for the quarter ended Sept. 30, 2012 as compared with Rs 1.20 billion for the quarter ended Sept. 30, 2011.
Total income went up 29.73% to Rs 15.92 billion for the quarter ended Sept 30, 2012 from Rs 12.27 billion in the year ago period, which rose the profit for the quarter.Shares of the bank are trading at Rs 1,194, up Rs 74.3, or 6.64% at the Bombay Stock Exchange (BSE) on Wednesday at 12:47 p.m. Net NPA was at Rs 553.4 million, as compared to Rs 630.3 million as on corresponding quarter last year, representing a decrease of 12.20%. Meanwhile in percentage term, net NPA was at 0.16% as on the quarter ended Sept. 30, 2012, as compared to 0.22% in the year ago period.The scrip has touched an intra-day high of Rs 1,195 and low of Rs 1,120. The total volume of shares traded at the BSE is 63,461.In the earlier session, the shares fell 2.17%, or Rs 24.85, at Rs 1,119.70. Currently, the stock is trading all time 52-week high, which is above 85.12% over the 52-week low of Rs 645.
Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 1,161.95 (42.25) (3.64) 1 Month 996.70 123.00 12.34 3 Months 936.95 182.75 19.50 6 Months 906.30 213.40 23.55 1 Year 824.75 294.95 35.76 Note: Based on previous day closing price.
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