Jammu & Kashmir Bank surges as its board to consider J-K government`s Rs 500 crore capital infusion plan
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The Jammu & Kashmir Bank is currently trading at Rs. 29.15, up by 0.45 points or 1.57% from its previous closing of Rs. 28.70 on the BSE.
The scrip opened at Rs. 29.35 and has touched a high and low of Rs. 29.65 and Rs. 28.70 respectively. So far 538084 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 32.95 on 18-Feb-2021 and a 52 week low of Rs. 11.55 on 01-Jun-2020.
Last one week high and low of the scrip stood at Rs. 29.70 and Rs. 28.40 respectively. The current market cap of the company is Rs. 2054.74 crore.
The promoters holding in the company stood at 68.18%, while Institutions and Non-Institutions held 3.78% and 28.04% respectively.
Jammu & Kashmir Bank’s (J&K Bank) board is going to meet on June 4 to consider the J-K government's Rs 500 crore capital infusion plan. A meeting of the board of directors will be held on June 4 to consider and discuss the proposal of capital infusion in the bank by the government of Jammu & Kashmir as its promoter shareholder to the extent of Rs 500 crore.
Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.
