Jammu & Kashmir Bank trades higher on planning to raise capital in FY23
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Jammu & Kashmir Bank is currently trading at Rs. 25.30, up by 0.40 points or 1.61% from its previous closing of Rs. 24.90 on the BSE.
The scrip opened at Rs. 25.05 and has touched a high and low of Rs. 25.65 and Rs. 25.05 respectively. So far 60159 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 48.20 on 08-Nov-2021 and a 52 week low of Rs. 23.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 25.65 and Rs. 23.80 respectively. The current market cap of the company is Rs. 2437.35 crore.
The promoters holding in the company stood at 70.12%, while Institutions and Non-Institutions held 0.92% and 28.96% respectively.
Jammu & Kashmir Bank is planning to raise capital (Tier I/Tier II) during the financial year 2022-23 (FY23). The bank’s board will hold a meeting on June 28 to consider and approve the same.
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.
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