J&K Bank’s shares rebound from 88.85 to 95.55 in one day after a 6-month slide

By
Ziraat Times
-

By: Farhan Khan (Ziraat Times)

Srinagar: After a six month slide, Jammu & Kashmir Bank shares have started to rebound in the wake of Reserve Bank of India’s (RBI) latest liquidity infusion announcement.

J&K Bank’s stock price has seen a notable decline of 15.25%, dropping by 17.20 INR over the last six month period, indicating a challenging period for the bank’s shareholders.

However, the last three days have shown a positive uptick in J&K Bank’s share price, with an increase of 7.22%. This recent surge is largely due to the Reserve Bank of India’s (RBI) announcement to inject 18 billion INR in liquidity into the banking system.

“The RBI move has come as a major boost. Such a move typically boosts investor confidence in banking stocks, as increased liquidity can lead to lower borrowing costs and improved lending activities, which are beneficial for banks’ profitability”, a senior director at the babk told Ziraat Times.

From 112.75 as on 27 July 2024, the bank share price dropped to 91.20 on 22 October 2024, marking a major loss to the bank’s investors.

However, the bank stocks again rose to over 100 in December 2024, followed by another slide in January 2025 when the stocks declined to 88.45 as on 13 January 2025.

The latest uptick started in 27 January when the share price of the bank rose from 88.85 to 95.55 as on 28 January, 2025.

The RBI’s liquidity injection is seen as a supportive measure for the banking sector, especially in a time when financial institutions are navigating through economic uncertainties. For J&K Bank, this announcement has provided a much-needed boost, helping to reverse some of the losses incurred over the past six months.

RELATED ARTICLESMORE FROM AUTHOR

204 COMMENTS

  3. I am no longer certain where you’re getting your info, but great topic. I needs to spend some time finding out much more or figuring out more. Thank you for great info I used to be searching for this info for my mission.

  9. 649162 17994Aw, this was a truly good post. In concept I wish to put in writing like this furthermore – taking time and actual effort to make an outstanding article nevertheless what can I say I procrastinate alot and not at all appear to get something done. 657995

  15. cheapest online pharmacy india [url=https://indiamedfast.shop/#]online pharmacy india[/url] online pharmacy india

LEAVE A REPLY

Please enter your comment!
Please enter your name here