Jammu & Kashmir Bank Ltd. share price target and research reports

Name: Latest research reports of Jammu & Kashmir Bank Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Jammu & Kashmir Bank Ltd.
Rating: 3
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for J&KBANK, BSE:532209 Jammu & Kashmir Bank Ltd.

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Jammu & Kashmir Bank Ltd.

14 Jul 2023

102.75

2.30%

Jammu & Kashmir Bank | Management Meet Note

Not Rated: Jammu & Kashmir Bank Ltd.

Edelweiss

A regional play

Jammu & Kashmir Bank Ltd.'s price crossed above 30Day SMA today

Jammu & Kashmir Bank Ltd.

16 Sep 2020

102.75

2.30%

Jammu & Kashmir Bank

Hold: Jammu & Kashmir Bank Ltd.

Target

ICICI Securities Limited

Credit growth remained muted with advances at | 65170 crore, down 4% YoY, corporate book de-grew ~18% YoY to | 23461 crore. J&K; book grew 10.3% YoY to | 44277 crore while ROI book was down 14.1% YoY to | 26615 crore. Deposit traction remained healthy at 12.1% YoY to | 99691 crore, mainly driven by growth of 22.1% in savings deposit partially offset by decelerated in term deposits at 4.1%. CASA continued to remain strong with ~357 bps YoY improvement in CASA ratio at 53.57%. Amid uncertainty, credit cost continued to remain higher at | 266 crore, of...

Jammu & Kashmir Bank Ltd.'s price crossed above 30Day SMA today

Jammu & Kashmir Bank Ltd.

13 Feb 2020

102.75

2.30%

Jammu & Kashmir Bank

Hold: Jammu & Kashmir Bank Ltd.

Target

ICICI Securities Limited

Instability in J&K; impacted business activities thereby keeping credit offtake muted and operational performance subdued. Operating profit was at | 336 crore, down 21% YoY largely due to flattish NII and lower other income. NII came in at | 875 crore, flat YoY, due to muted credit growth & decline in margins. Reorganisation in state related slippages and thereby higher provision led to loss of | 917 crore in Q2FY20 and de-growth of 52% YoY to ~| 49.6 crore in Q3FY20. Impact on business activities and repayment ability of borrowers led to asset quality deterioration on exposure in Jammu &...

Jammu & Kashmir Bank Ltd. is trading above its 30 day SMA of 101.3

Jammu & Kashmir Bank Ltd.

09 Aug 2019

102.75

2.30%

Jammu & Kashmir Bank

Hold: Jammu & Kashmir Bank Ltd.

Target

ICICI Securities Limited

Led by moderation in slippages at | 559 crore & improving recovery of | 749 crore, absolute GNPA stood at | 6031 crore, down 3% QoQ. Accordingly, GNPA ratio improved 49 bps QoQ to 8.48%. NNPA declined 53 bps QoQ to 4.36%, on the back of higher provision during the quarter. As anticipated, provision trajectory continued to remain higher at | 293 crore, which resultant in ~231 bps improvement in PCR to 66.6%. However, higher tax outgo at | 96 crore impacted earnings trajectory which came at | 22 crore. Advances growth remain steady at 13.5% YoY at | 67950 crore with faster...

Jammu & Kashmir Bank Ltd.'s price crossed above 30Day SMA today

Jammu & Kashmir Bank Ltd.

10 Jun 2019

102.75

2.30%

Jammu & Kashmir Bank

Hold: Jammu & Kashmir Bank Ltd.

Recommendation Target

ICICI Securities Limited

Jammu and Kashmir Bank, in a filing to exchanges, has informed the bank's board of directors, pursuant to government order, has appointed RK Chhibber as interim Chairman and Managing Director (CMD) of the bank with effect from June 8, 2019 for a tenure of three months. Consequent to the above, Parvez Ahmed, current CMD, whose tenure was to end in October 2019, has been asked to vacate the office. This move has been undertaken citing concerns regarding governance and functioning of the...

Jammu & Kashmir Bank Ltd. is trading below its 50 day SMA of 103.4

Jammu & Kashmir Bank Ltd.

17 May 2019

102.75

2.30%

Q4FY19 Result Update

Buy: Jammu & Kashmir Bank Ltd.

Target

Prabhudas Lilladhar

Trimming corporate book; low exposure to recently downgraded groups; RBI cited divergence-in-provisions made JKBK's earnings of Rs2.1bn (PLe:Rs1.5bn) were better than expectations as bank recorded higher Other Income pertaining to stake sale in PNB MetLife. Adjusting for stake sale, PPoP grew 56% despite spike in employee cost coming from wage provisions. Loan growth was driven by retail segment (34%YoY) and J&K; State. Bank reported NIM of 4.05% (+14bps/+86bps...

Jammu & Kashmir Bank Ltd. is trading above its 30 day SMA of 101.3

Jammu & Kashmir Bank Ltd.

17 May 2019

102.75

2.30%

Jammu & Kashmir Bank

Buy: Jammu & Kashmir Bank Ltd.

Target

ICICI Securities Limited

Moderate slippages at | 914 crore coupled with higher recoveries of | 1552 crore, led to a reduction in absolute GNPA by ~9% QoQ to | 6221 crore (GNPA ratio declined ~97 bps QoQ to 8.97%). However, PCR declined to ~64.3% vs. 65.8% in Q3FY19. Provision came in at | 378 crore vs. | 252 crore in Q3FY19. Divergence in provision was at | 105 crore for FY18....

Jammu & Kashmir Bank Ltd. is trading above its 30 day SMA of 101.3

Jammu & Kashmir Bank Ltd.

14 Jan 2019

102.75

2.30%

Jammu & Kashmir Bank

Buy: Jammu & Kashmir Bank Ltd.

Target

ICICI Securities Limited

Advances growth came in lower QoQ at 12.3% YoY at ~| 65027 crore, primarily led by moderation in disbursement outside J&K; state. Advances growth in J&K; continued to remain healthy at ~22% YoY Margins increased to 3.91% vs. 3.69% in Q2FY19 with strong NII growth of 13% YoY ahead of our estimates. Growth in other income came in healthy at 52% YoY to ~| 164 crore on the back of trading income, which supported topline. Therefore, PPP came in at | 425 crore, up 11% YoY and above our estimate of | 354 crore...

Jammu & Kashmir Bank Ltd. is trading below its 50 day SMA of 103.4

Jammu & Kashmir Bank Ltd.

14 Jan 2019

102.75

2.30%

Q3FY19 Result Update - Gradual improvement in core performance

Buy: Jammu & Kashmir Bank Ltd.

Target

Prabhudas Lilladhar

Strong margin improvement on back of higher yields partly due to booking of interest income from impaired assets JKBK's earnings of Rs1.03bn (PLe:1.07bn) were in-line with expectations as provisions were flattish as envisaged on back of provisions on IL&FS; exposure. Core opearting performance was encouraging with beat from NII which grew by 13% as bank booked some interest back on impaired assets helping NIMs improvement. Bank's J&K; state restructured which has been...

Jammu & Kashmir Bank Ltd. is trading above its 30 day SMA of 101.3

Jammu & Kashmir Bank Ltd.

19 Oct 2018

102.75

2.30%

Jammu & Kashmir Bank

Buy: Jammu & Kashmir Bank Ltd.

Recommendation

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Absolute GNPA declined 2.8% QoQ at | 6068 crore. GNPA ratio declined ~83 bps QoQ to 9%, led by growth in advances. Slippages came at | 250 crore; lowest in last several quarters. NNPA declined 10.5% QoQ at | 2489 crore, with decline of ~74 bps QoQ to 3.91%. Standard restructured asset remained steady QoQ at | 3948 crore, with | 3847 crore related to J&K; state. Rehabilitated account (~| 4300 crore) remained stable with ~0.8% slippages in 9 months...

Jammu & Kashmir Bank Ltd. is trading above its 30 day SMA of 101.3

Is Jammu & Kashmir Bank Ltd. worth buying?

379 Votes:

Buy 81.0%

Sell 9.23%

Hold 9.76%