KL Desk
Srinagar, Oct 9:
J&K Bank share was bullish today as it hit all time high of Rs 1095 at BSE and Rs 1097 at NSE.
With an unprecedented surge of more than Rs 41 in a day, the Bank’s share price stood at Rs 1073.85 at BSE and Rs 1076.05 at NSE when the markets closed.
The shares had previously opened at over Rs 1034 at both the stock exchanges. The share saw a brisk trading of more than 1.46 lac shares traded during the day.
Recently Anand Rathi Securities had predicted rise of over 10% in the Bank’s share price from its current value.
“J&K Bank has been trading within a rising channel on the weekly charts which is highly positive,” analysts at the firm said in a note to clients.
Moreover, Prabhudas Lilladher, a reputed stock broking firm believed, “J&K Bank is best positioned to benefit from the J&K story. Also, outside J&K, the bank is concentrating on expanding lending expertise to mid corporates (predominantly AAA till now) and that will aid in improving lending yields.”
