SRINAGAR: Jammu and Kashmir Bank Shares rose to an eight-year high, gaining over 12 percent compared to the closing price on Wednesday.
During the intraday trade, the bank’s shares reached a high of Rs 103.50 before closing at Rs 100.80 per share on the National Stock Exchange (NSE). This is the highest point Jammu and Kashmir Bank shares have reached since August 2015.
Baldev Prakash, General Manager, Jammu and Kashmir Bank, said that the bank is achieving new achievements. He lauded the tireless efforts of the bank employees for achieving the highest profit of Rs 1,197 crore in the previous financial year and exceeding the target of doing business worth Rs 3 lakh crore.
The bank after a gap of seven years, distributed dividends to its shareholders this year.