Moneycontrol Be a Pro
Get App
Last Updated : Jan 16, 2019 01:46 PM IST | Source:

Buy Jammu and Kashmir Bank; target of Rs 64: Anand Rathi

Anand Rathi is bullish on Jammu and Kashmir Bank has recommended buy rating on the stock with a target price of Rs 64 in its research report dated January 15, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Anand Rathi's research report on Jammu and Kashmir Bank

With its contracting stressed pipeline, steady repayments from the large restructured book and focus on lending in its home state, we believe J&K Bank?s core operating parameters will gradually improve. Given the recent fall in the stock price, we alter our recommendation to a Buy.


Our Jan?20 target (`64) is based on the two-stage DDM model. This implies a ~0.6x P/ABV multiple on its FY21e book.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jan 16, 2019 01:46 pm
NULL int(1)
Follow us on
Available On
PCI DSS Compliant