Latest news with #MukulMahavirAgrawal
Time of India
2 days ago
- Business
- Time of India
Jammu & Kashmir Bank shares in focus as ace investor Mukul Agrawal buys 1.3% stake in June quarter
Shares of Jammu & Kashmir Bank will be in focus on Tuesday after ace investor Mukul Mahavir Agrawal added the lender to his portfolio during the June 2024 quarter, acquiring a 1.27% stake, or around 1.4 crore shares. Jammu & Kashmir Bank shares have outperformed the broader banking sector, delivering nearly 5% returns over the past year, compared to a 3% decline in the Nifty PSU Bank index. The bank's performance has been largely in line with the Nifty during the same period. On Monday, the bank released its Q1FY26 business update , reporting a 9.5% year-on-year growth in total business to Rs 2,49,784.15 crore. Total deposits jumped 12% YoY to Rs 1,48,542.07 crore while total advances grew 5.5% YoY to Rs 1,040,39.84 in the quarter under review. Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% Jammu & Kashmir Bank Q4 earnings In the fourth quarter, Jammu & Kashmir Bank reported a 9% YoY decline in net profit to Rs 585 crore, compared to Rs 640 crore a year ago, mainly due to higher provisions for bad debt. However, pre-provision operating profit rose 20.5% to Rs 800 crore, up from Rs 664 crore in the same period last year. Provisions stood at Rs 58 crore, compared with a write-back of Rs 47.4 crore in the year-ago quarter, despite an improvement in asset quality. The gross non-performing assets (GNPA) ratio improved to 3.37%, down from 4.08% at the end of the previous fiscal year. The board has recommended a dividend of Rs 2.15 per equity share (face value Re 1), translating to a 215% dividend payout for the financial year ended March 31, 2025. Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72% Mukul Agrawal's portfolio According to Trendlyne data, Mukul Agrawal publicly holds 60 stocks with a net worth of over Rs 6,618.7 crore. His portfolio includes names like Ajmera Realty, CEAT, Allcargo Logistics, LT Foods, Deepak Fertilisers, Delta Corp, Dredging Corporation of India, De Nora, Indo Count, and J Kumar Infraprojects, among others. On Monday, Jammu & Kashmir Bank shares closed at Rs 111.25 on the BSE, down Rs 3 or 2.63%. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Jammu & Kashmir Bank shares in focus as ace investor Mukul Agrawal buys 1.3% stake in June quarter
Shares of Jammu & Kashmir Bank will be in focus on Tuesday after ace investor Mukul Mahavir Agrawal added the lender to his portfolio during the June 2024 quarter, acquiring a 1.27% stake, or around 1.4 crore shares. ADVERTISEMENT Jammu & Kashmir Bank shares have outperformed the broader banking sector, delivering nearly 5% returns over the past year, compared to a 3% decline in the Nifty PSU Bank index. The bank's performance has been largely in line with the Nifty during the same period. On Monday, the bank released its Q1FY26 business update, reporting a 9.5% year-on-year growth in total business to Rs 2,49,784.15 crore. Total deposits jumped 12% YoY to Rs 1,48,542.07 crore while total advances grew 5.5% YoY to Rs 1,040,39.84 in the quarter under review. Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% In the fourth quarter, Jammu & Kashmir Bank reported a 9% YoY decline in net profit to Rs 585 crore, compared to Rs 640 crore a year ago, mainly due to higher provisions for bad debt. However, pre-provision operating profit rose 20.5% to Rs 800 crore, up from Rs 664 crore in the same period last year. ADVERTISEMENT Provisions stood at Rs 58 crore, compared with a write-back of Rs 47.4 crore in the year-ago quarter, despite an improvement in asset quality. The gross non-performing assets (GNPA) ratio improved to 3.37%, down from 4.08% at the end of the previous fiscal year. The board has recommended a dividend of Rs 2.15 per equity share (face value Re 1), translating to a 215% dividend payout for the financial year ended March 31, 2025. ADVERTISEMENT Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72%According to Trendlyne data, Mukul Agrawal publicly holds 60 stocks with a net worth of over Rs 6,618.7 crore. His portfolio includes names like Ajmera Realty, CEAT, Allcargo Logistics, LT Foods, Deepak Fertilisers, Delta Corp, Dredging Corporation of India, De Nora, Indo Count, and J Kumar Infraprojects, among others. ADVERTISEMENT On Monday, Jammu & Kashmir Bank shares closed at Rs 111.25 on the BSE, down Rs 3 or 2.63%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Automotive
- Time of India
Stocks in news: Titan, J&K Bank, Tata Motors, M&M, JSW Infra
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Markets made a muted start to the week and ended almost unchanged, continuing the ongoing consolidation phase. In today's trade shares of Titan , J&K Bank, Tata Motors , M&M, JSW Infra among others will be in focus due to various news developments and first quarter major Titan Company reported a 20% year-on-year growth in its consumer business in Q1FY26 while adding 10 new stores (net) in Q1FY26 extending its retail network to 3,322 sold nearly 4.4 lakh shares in Mumbai-based Marathon Nxtgen Realty in a bulk deal worth over Rs 29 investor Mukul Mahavir Agrawal added Jammu and Kashmir Bank in his portfolio in the June ended quarter buying 1.27% stake representing 1.40 crore shares in the state-run maker, Navin Fluorine International announced the launch of its qualified institutions placement (QIP) to raise up to Rs 750 Infrastructure said it has received a letter of award from the Syama Prasad Mookerjee Port Motors reported a year-on-year decline in sales volumes for Jaguar Land Rover (JLR) in the first quarter of FY26, with both wholesale and retail numbers witnessing a double-digit company's vehicle production for June stood at 83,435 units, reflecting a 20% increase over the 69,441 units produced in June last year.
Economic Times
3 days ago
- Business
- Economic Times
Ace investor Mukul Agrawal adds Jammu & Kashmir Bank in June quarter, buys 1.3% stake
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Ace investor Mukul Mahavir Agrawal added Jammu & Kashmir Bank in his portfolio in the June ended quarter buying 1.27% stake representing 1.40 crore shares in the state-run shares of Jammu & Kashmir Bank have outperformed the sector with nearly 5% returns over a 1-year period versus Nifty PSU Bank index , which has fallen by 3%. Its returns have been in-line with Nifty's returns in the same & Kashmir bank today announced its Q1FY26 updates , where the PSU bank reported a 9.5% year-on-year growth in its total business at Rs 2,49,784.15 deposits jumped 12% YoY to Rs 1,48,542.07 crore while total advances grew 5.5% YoY to Rs 1,040,39.84 in the quarter under publicly holds 60 stocks with a net worth of over Rs 6,618.7 crore, according to Trendlyne data Some of the stocks in his portfolio are Ajmera Realty, CEAT, Allcargo Logistics, LT Foods, Deepak Fertilisers, Delta Corp, Dredging Corporation of India, De Nora, Indo Count and J Kumar Infraprojects, among others.J&K Bank's shares today closed the session at Rs 111.25 on the BSE, down 3% or 2.63%.Jammu & Kashmir Bank had reported a 9% year-on-year dip in fourth quarter net profit at Rs 585 crore as against Rs 640 crore in the year ago period, due to higher provisions to cover bad debt. The bank's pre-provision operating profit for the quarter stood 20.5% higher at Rs 800 crore against Rs 664 to cover bad and doubtful debt stood at Rs 58 crore against a write back of provision of Rs 47.4 crore in the year ago period, despite improvement in asset quality. Its gross non-performing assets ratio fell to 3.37% at the end of the last fiscal as compared with 4.08% a year bank board recommended a dividend of Rs. 2.15 per equity share of Re 1 face value which translates into a 215% dividend for the financial year ended March 31, 2025.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
3 days ago
- Business
- Time of India
Ace investor Mukul Agrawal adds Jammu & Kashmir Bank in June quarter, buys 1.3% stake
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Ace investor Mukul Mahavir Agrawal added Jammu & Kashmir Bank in his portfolio in the June ended quarter buying 1.27% stake representing 1.40 crore shares in the state-run shares of Jammu & Kashmir Bank have outperformed the sector with nearly 5% returns over a 1-year period versus Nifty PSU Bank index , which has fallen by 3%. Its returns have been in-line with Nifty's returns in the same & Kashmir bank today announced its Q1FY26 updates , where the PSU bank reported a 9.5% year-on-year growth in its total business at Rs 2,49,784.15 deposits jumped 12% YoY to Rs 1,48,542.07 crore while total advances grew 5.5% YoY to Rs 1,040,39.84 in the quarter under publicly holds 60 stocks with a net worth of over Rs 6,618.7 crore, according to Trendlyne data Some of the stocks in his portfolio are Ajmera Realty, CEAT, Allcargo Logistics, LT Foods, Deepak Fertilisers, Delta Corp, Dredging Corporation of India, De Nora, Indo Count and J Kumar Infraprojects, among others.J&K Bank's shares today closed the session at Rs 111.25 on the BSE, down 3% or 2.63%.Jammu & Kashmir Bank had reported a 9% year-on-year dip in fourth quarter net profit at Rs 585 crore as against Rs 640 crore in the year ago period, due to higher provisions to cover bad debt. The bank's pre-provision operating profit for the quarter stood 20.5% higher at Rs 800 crore against Rs 664 to cover bad and doubtful debt stood at Rs 58 crore against a write back of provision of Rs 47.4 crore in the year ago period, despite improvement in asset quality. Its gross non-performing assets ratio fell to 3.37% at the end of the last fiscal as compared with 4.08% a year bank board recommended a dividend of Rs. 2.15 per equity share of Re 1 face value which translates into a 215% dividend for the financial year ended March 31, 2025.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
