Stocks to Watch Today, 28 July: Stocks like Kotak Mahindra Bank, Central Depository Services, Balkrishna Industries, Orient Cement, Tata Chemicals, Poonawalla Fincorp, VA Tech Wabag, RITES, Sigachi Industries, and Ola Electric Mobility will be in focus on July 28.
Stocks to Watch, 30 June: Stocks like Torrent Pharmaceuticals, JB Chemicals and Pharmaceuticals, Jyoti CNC Automation, BHEL, Alembic Pharma, Waaree Energies, Prestige Estates Projects, Bharti Airtel, Le Lavoir, Reliance Industries, and Hind Rectifiers will be in focus on June 30.
Stocks To Watch, Jan 21: Stocks like L&T Finance, Sunteck Realty, Jammu and Kashmir Bank, Prakash Industries, Bank of Baroda, Torrent Power, Landmark Cars, Reliance Power, Ugro Capital, REC, Tata Consultancy Services, and Laxmi Dental will be in focus on January 21.
Induslnd Bank, Poonawalla Fincorp, AU Small Finance Bank, Godrej Properties, Macrotech Developers, Federal Bank, Metropolis Healthcare, Antony Waste Handling Cell, and One 97 Communications Paytm will be in focus on October 7.
J&K Bank reported a 12.03 percent year-on-year growth in total business at Rs 2.18 lakh crore for Q2FY24.
Jammu and Kashmir Bank Q1: The gross non-performing asset of the bank decreased to 5.77 percent from 9.09 percent in the corresponding quarter, a year ago
The net profit rose to Rs 311.59 crore as against Rs 173.95 crore registered for the same period last fiscal.
The appointment is effective the date of taking charge or April 10, 2022, whichever is earlier, the bank said.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the RBI said in a release.
The 56-day yatra to the 3,880-metre-high shrine is scheduled to start from the twin routes of Pahalgam and Baltal on June 28 and culminate on August 22.
ICICI Direct recommended hold rating on Jammu and Kashmir Bank with a target price of Rs 18 in its research report dated September 16, 2020.
The stock, which closed with a loss of 5.97 percent on February 3, has lost almost 52 percent of its market value in the financial year 2020, so far.
The bank in a regulatory filing said the state government is taking a host of steps including splitting the post of chairman and managing director with a view to improve transparency, governance, compliance and profitability of the lender.
On June 8, searches were carried out at the bank's headquarters at M A Road, soon after Parvez Ahmad was removed as its chairman by the state government.
ICICI Direct is bullish on Jammu and Kashmir Bank has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 17, 2019.