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Friday 29 March 2013

Jammu & Kashmir Bank Ltd -Buy


  • The bank has strong fundamentals and dynamic growth model
  • The Bank has been ranked as No. 1 in ‘Best Old Private Sector Bank’ category in the survey conducted across the banking industry
  • In terms of ‘Profitability’, the Bank stands 3rd in the overall banking industry while as 1ST in the category of ‘Old private sector banks’.
  • Consitent growth will reach Rs 1600 IN 6 MONTHS TIME FRAME.
Annual results in brief
(Rs crore)
Mar ' 12Mar ' 11Mar ' 10Mar ' 09Mar ' 08
Sales4,835.583,713.133,056.882,988.122,434.23
Operating profit3,864.202,739.102,312.922,374.911,954.76
Interest2,997.222,169.471,937.541,987.861,623.79
Gross profit1,370.331,149.49958.20774.45651.84
EPS (Rs)165.65126.87105.6784.5274.24

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