Jammu and Kashmir Bank announced that Azhar ul Amin, Non executive Non Independent Director (DIN: 07265913) has resigned from the Board of Directors of the Bank with effect from 23 April, 2019.

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Jammu and Kashmir Bank Ltd gained for a third straight session today. The stock is quoting at Rs 58.45, up 8.85% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.73% on the day, quoting at 11708.3. The Sensex is at 38983.6, up 0.8%. Jammu and Kashmir Bank Ltd has risen around 39.33% in last one month.

Meanwhile, Nifty PSU Bank index of which Jammu and Kashmir Bank Ltd is a constituent, has risen around 18.57% in last one month and is currently quoting at 3339.35, up 2.82% on the day. The volume in the stock stood at 23.79 lakh shares today, compared to the daily average of 15.36 lakh shares in last one month.

The PE of the stock is 10.75 based on TTM earnings ending December 18.

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Jammu and Kashmir Bank announced that Dr. Arun Kumar Mehta, IAS, Principal Secretary to Government of J&K, Finance Department has been appointed as Promoter Director of the State Government on the Board of Directors of the Bank in place of Navin Kumar Choudhary, IAS, pursuant to Government of Jammu & Kashmir Order No. 215-FD of 2019 dated 15 March 2019.

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Dewan Housing Finance Corporation Ltd, New India Assurance Company Ltd, Time Technoplast Ltd and Lakshmi Vilas Bank Ltd are among the other gainers in the BSE's 'A' group today, 06 March 2019.

Jammu and Kashmir Bank Ltd surged 16.99% to Rs 48.9 at 11:49 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 12.81 lakh shares were traded on the counter so far as against the average daily volumes of 54645 shares in the past one month.

Dewan Housing Finance Corporation Ltd spiked 13.40% to Rs 151.95. The stock was the second biggest gainer in 'A' group. On the BSE, 38.86 lakh shares were traded on the counter so far as against the average daily volumes of 26.02 lakh shares in the past one month.

New India Assurance Company Ltd soared 13.16% to Rs 208.55. The stock was the third biggest gainer in 'A' group. On the BSE, 39765 shares were traded on the counter so far as against the average daily volumes of 3053 shares in the past one month.

Time Technoplast Ltd added 10.19% to Rs 107.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 39366 shares were traded on the counter so far as against the average daily volumes of 18792 shares in the past one month.

Lakshmi Vilas Bank Ltd jumped 9.94% to Rs 78.55. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.74 lakh shares were traded on the counter so far as against the average daily volumes of 1.54 lakh shares in the past one month.

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