The bank’s reach especially in J&K, Ladakh and range of Bajaj Allianz products makes the tie-up beneficial for the customers

J&K Bank signs corporate agency pact with Bajaj Allianz Life

J&K Bank will service and solicit LIC’s life insurance products through its branch network

J&K Bank signs corporate agency agreement with LIC

The Swiss challenge auction is scheduled on February 27, according to a notice issued by the bank early this week. If the offer by the ASREC is not challenged, it will equate to a recovery of 40 paise on a rupee for J&K Bank.

Jammu and Kashmir Bank likely to sell Rs 303 crore KSK Mahanadi Power debt to ASREC

Stocks In Focus | Tata Communications, J&K Bank, Poonawalla Fincorp And More Tata Communications slumps in trade, Poonawalla Fincorp and Zensar Tech rally after strong Q3 show.Profitmart Securities’ Avinash Gorakshakar shares his views about investing in these stocks.

Stocks In Focus | Tata Communications, J&K Bank, Poonawalla Fincorp And More

Jammu & Kashmir Bank (J&K Bank) advanced 2.67% to Rs 55.80 after the bank reported 79.13% jump in net profit to Rs 311.59 crore on 22.5% increase in total income to Rs 2,682.67 crore in Q3 FY23 over Q3 FY22.

J&K Bank gains as Q3 PAT spurts 79% YoY to Rs 312 cr

Tata Communication slumps in trade, Poonawalla Fincorp and Zensar Tech rally after strong Q3 show. 

#ProfitmartSecurities' Avinash Gorakshakar shares his views about investing in these stocks. #BQLive #StocksInFocus 

-------------------------------------------------------------------------------------------------------------------
For more videos subscribe to our channel: http://bit.ly/32JXa74
Visit BQ Prime for more news: https://www.bqprime.com/
Don't enter the stock market unaware. Read all Research Reports here: https://www.bqprime.com/research-reports

For the latest business news and analysis
Subscribe to our Newsletters here: https://www.bqprime.com/my-bq/newsletter
Subscribe to our Telegram channel: https://t.me/BQPrime

Follow BQ Prime here
Twitter: https://twitter.com/bqprime
Facebook: https://www.facebook.com/BQPrime/
LinkedIn: https://www.linkedin.com/company/13184554/
Instagram: https://www.instagram.com/bqprime/
Pinterest: https://in.pinterest.com/BQPrimeNews/

Stocks In Focus | Tata Communication, J&K Bank, Poonawalla Fincorp And More | BQ Prime

Jammu and Kashmir Bank to allot up to 7 cr shares under ESPS

Jammu and Kashmir Bank on Monday said its December quarter net profit rose 79 per cent to Rs 311.59 crore.

Jammu and Kashmir Bank Q3 net profit rises 79% to Rs 311 cr; NII up 27%

Total Operating Income rise 20.85% to Rs 2440.87 crore

Jammu and Kashmir Bank consolidated net profit rises 81.78% in the December 2022 quarter

J&K Bank: The union territory of Jammu & Kashmir has 64.5 per cent stake in J&K Bank while UT of Ladakh has about 4.5% stake

RBI guidelines may prompt J&K Bank to dilute promoter shareholding

On deposits maturing in the next 7 to 30 days, the bank will continue to pay interest at a rate of 3.50%.

Jammu and Kashmir Bank Hikes Interest Rates on FD to a Maximum of 7.25%

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The Jammu & Kashmir Bank Limited offers a range of products and services such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.