Jammu and Kashmir Bank announced that Zubair Iqbal, Govt. Nominee Director(DIN: 08742685) has ceased to be the Director on the Board of the Bank consequent uponwithdrawal of his nomination by the Government of Jammu & Kashmir.

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Jammu and Kashmir Bank Ltd gained for a third straight session today. The stock is quoting at Rs 30.65, up 1.32% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.18% on the day, quoting at 15091.6. The Sensex is at 51206.33, down 0.23%. Jammu and Kashmir Bank Ltd has risen around 1.16% in last one month.

Meanwhile, Nifty PSU Bank index of which Jammu and Kashmir Bank Ltd is a constituent, has risen around 29.45% in last one month and is currently quoting at 2588.2, down 0.93% on the day. The volume in the stock stood at 64.1 lakh shares today, compared to the daily average of 60.08 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending December 20.

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New India Assurance Company Ltd, Tube Investments of India Ltd, General Insurance Corporation of India, TCNS Clothing Co. Ltd are among the other stocks to see a surge in volumes on BSE today, 18 February 2021.

Jammu and Kashmir Bank Ltd saw volume of 60.92 lakh shares by 10:48 IST on BSE, a 12.08 fold spurt over two-week average daily volume of 5.04 lakh shares. The stock increased 2.49% to Rs.30.90. Volumes stood at 13.67 lakh shares in the last session.

New India Assurance Company Ltd registered volume of 3.55 lakh shares by 10:48 IST on BSE, a 11.1 fold spurt over two-week average daily volume of 31980 shares. The stock rose 19.99% to Rs.164.20. Volumes stood at 11885 shares in the last session.

Tube Investments of India Ltd recorded volume of 1.01 lakh shares by 10:48 IST on BSE, a 7.44 times surge over two-week average daily volume of 13572 shares. The stock lost 1.09% to Rs.1,016.40. Volumes stood at 7331 shares in the last session.

General Insurance Corporation of India witnessed volume of 3.21 lakh shares by 10:48 IST on BSE, a 7.31 times surge over two-week average daily volume of 43950 shares. The stock increased 19.97% to Rs.170.90. Volumes stood at 83975 shares in the last session.

TCNS Clothing Co. Ltd saw volume of 51265 shares by 10:48 IST on BSE, a 4.5 fold spurt over two-week average daily volume of 11396 shares. The stock increased 12.31% to Rs.495.90. Volumes stood at 77584 shares in the last session.

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Net profit of Jammu and Kashmir Bank rose 37.19% to Rs 66.44 crore in the quarter ended December 2020 as against Rs 48.43 crore during the previous quarter ended December 2019. Total Operating Income rose 0.44% to Rs 2076.37 crore in the quarter ended December 2020 as against Rs 2067.37 crore during the previous quarter ended December 2019.

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