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19 Dec 2016
|
Jammu & Kashmir Bank
|
ICICI Securities Limited
|
107.15
|
75.00
|
63.95
(67.55%)
|
Target met |
Buy
|
|
|
ICICI Securities Ltd | Retail Equity Research Bank reported loss at | 602 crore in Q2FY17 vs. our estimate of profit of | 110 crore, primarily led by higher provision during the quarter. Led by unrest in J&K; state impacting borrowers ability to repay, asset quality deteriorated in Q2FY17, with highest net GNPA addition at | 968 crore. Consequently, absolute GNPA increased to | 5682.9 crore (GNPA: 11.33% vs. 9.31% in Q1FY17). NNPA increased to | 3236 crore from | 3023 crore QoQ. Provision increased at |992 crore;...
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13 Oct 2016
|
Jammu & Kashmir Bank
|
Motilal Oswal
|
107.15
|
90.00
|
74.80
(43.25%)
|
Target met |
Neutral
|
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|
Jammu & Kashmir Bank (JKBK) hosted an investor conference call to spell out its strategy (already communicated through a press release) after Mr. Parvez Ahmad (executive president previously) was elevated as the bank's chairman and CEO for three years. While we like the new CEO's strategy of acknowledging and recognizing pain upfront, the process is likely to have a significant impact on earnings. Also, the situation in the Kashmir Valley remains tense, which could weigh on near-term stock performance. We...
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16 Aug 2016
|
Jammu & Kashmir Bank
|
ICICI Securities Limited
|
107.15
|
68.00
|
70.60
(51.77%)
|
|
Hold
|
|
|
ICICI Securities Ltd | Retail Equity Research Bottomline continued to remain under pressure at | 22.8 crore vs. our estimate, led by lower-than-expected NII and higher provision Asset quality pressure continued in Q1FY17 with higher slippages at | 1377 crore (~| 370 crore in Q1FY16). Absolute GNPA increased to | 4715 crore (GNPA: 9.31% vs. 8.32% in Q4FY16) from | 4369 crore in Q4FY16. NNPA also increased to | 3024 crore from | 2164 crore QoQ. Provision came at | 313.7 crore; higher than our estimate of...
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27 May 2016
|
Jammu & Kashmir Bank
|
ICICI Securities Limited
|
107.15
|
58.00
|
56.90
(88.31%)
|
|
Hold
|
|
|
ICICI Securities Ltd | Retail Equity Research Bottomline slipped into red with a loss at | 56 crore vs. our estimate of profit of | 131 crore, led by higher-than-expected provision...
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17 Feb 2016
|
Jammu & Kashmir Bank
|
ICICI Securities Limited
|
107.15
|
70.00
|
68.20
(57.11%)
|
|
Hold
|
|
|
ICICI Securities Ltd | Retail Equity Research PAT increased 12.5% YoY to | 118 crore, lower-than-estimate due to higher provision of | 240 crore vs. | 125 crore estimated...
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16 Nov 2015
|
Jammu & Kashmir Bank
|
ICICI Securities Limited
|
107.15
|
95.00
|
84.25
(27.18%)
|
|
Hold
|
|
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29 Dec 2012
|
Jammu & Kashmir Bank
|
Ashika Research
|
107.15
|
|
130.63
(-17.97%)
|
Pre-Bonus/
Split |
Buy
|
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headquartered in Srinagar. It was the first in the country as a state owned bank. It functions as a universal bank in Jammu & Kashmir and as a specialized bank in the rest of the country. It is also the only bank designated as the RBI's agent...
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