Net profit of Jammu and Kashmir Bank rose 43.16% to Rs 103.75 crore in the quarter ended December 2018 as against Rs 72.47 crore during the previous quarter ended December 2017. Total Operating Income rose 19.00% to Rs 2002.71 crore in the quarter ended December 2018 as against Rs 1682.97 crore during the previous quarter ended December 2017.

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The result was announced on Saturday, 12 January 2019.

Meanwhile, the S&P BSE Sensex was down 199.87 points, or 0.56% to 35,809.97.

On the BSE, 4.40 lakh shares were traded in the counter so far compared with average daily volumes of 74,000 shares in the past two weeks. The stock had hit a high of Rs 38.70 and a low of Rs 37 so far during the day. The stock hit a 52-week high of Rs 82.50 on 15 January 2018. The stock hit a 52-week low of Rs 35.05 on 18 December 2018.

The bank's gross non-performing assets (NPAs) stood at Rs 6859.73 crore as on 31 December 2018 as against Rs 6067.66 crore as on 30 September 2018 and Rs 6232.08 crore as on 31 December 2017.

The ratio of gross NPAs to gross advances stood at 9.94% as on 31 December 2018 as against 9% as on 30 September 2018 and 10.08% as on 31 December 2017.

The ratio of net NPAs to net advances stood at 4.69% as on 31 December 2018 as against 3.91% as on 30 September 2018 and 4.29% as on 31 December 2017.

The bank's provisions and contingencies rose 1.08% to Rs 252.82 crore in Q3 December 2018 over Q3 December 2017.

Provision coverage ratio of the bank was at 65.82% as on 31 December 2018.

Jammu & Kashmir Bank functions as a universal bank in Jammu & Kashmir and as a specialised bank in the rest of the country.

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Jammu & Kashmir Bank will hold a meeting of the Board of Directors of the Company on 12 January 2019.

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MOIL Ltd, Graphite India Ltd, Deepak Fertilizers & Petrochemicals Corp Ltd and Lakshmi Machine Works Ltd are among the other gainers in the BSE's 'A' group today, 17 October 2018.

Jammu and Kashmir Bank Ltd spiked 10.16% to Rs 46.1 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.78 lakh shares were traded on the counter so far as against the average daily volumes of 67162 shares in the past one month.

MOIL Ltd soared 5.39% to Rs 176.05. The stock was the second biggest gainer in 'A' group. On the BSE, 1.01 lakh shares were traded on the counter so far as against the average daily volumes of 34542 shares in the past one month.

Graphite India Ltd surged 5.00% to Rs 1058.15. The stock was the third biggest gainer in 'A' group. On the BSE, 4802 shares were traded on the counter so far as against the average daily volumes of 84795 shares in the past one month.

Deepak Fertilizers & Petrochemicals Corp Ltd gained 4.67% to Rs 231. The stock was the fourth biggest gainer in 'A' group. On the BSE, 40855 shares were traded on the counter so far as against the average daily volumes of 23956 shares in the past one month.

Lakshmi Machine Works Ltd exploded 4.37% to Rs 6074.7. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3913 shares were traded on the counter so far as against the average daily volumes of 4089 shares in the past one month.

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