SRINAGAR: In a remarkable turn of events, Jammu and Kashmir Bank’s share price has been steadily climbing, reaching an all-time high in five years, much to the delight of its investors.
On Tuesday, the bank’s shares closed at Rs 65.55 at the National Stock Exchange (NSE), touching an intraday high of Rs 66.30, marking a new 52-week record for the stock. This surge has provided significant returns for shareholders, with a remarkable 16.95 per cent gain in the past five trading sessions, resulting in a Rs 9.50 increase per share.
What’s truly impressive is the bank’s phenomenal performance over the past year. Investors have witnessed an outstanding 156 per cent return on their investment, clearly indicating a remarkable turnaround for Jammu and Kashmir Bank in the market. The stock’s consistent performance has instilled confidence in investors, as the bank’s share value has surged by over 21 per cent in just one month, leading to optimism that the upward trajectory will continue. If the bank maintains this impressive momentum, experts predict that the stock price will continue to rise significantly.
The share price was a modest Rs 36 in 2021 fall, making the current price of Rs 65.55 a remarkable huge achievement.
