State-owned Indian financial institution Jammu and Kashmir Bank Limited (J&K Bank) provides a variety of banking and financial services. For more than eighty years, the bank has provided services to the residents of Jammu and Kashmir as well as the rest of India. The bank expanded its operations to other regions of the nation throughout time, growing to become one of the biggest banks in the state of Jammu and Kashmir.
Analysts and investors alike have been interested in the share price of J&K Bank recently. Many people are curious to see what the bank’s share price will look like in the future as it continues to grow its operations and solidify its place in the market.
CLICK HERE TO KNOW MORE: Hindustan Unilever Ltd Share price target 2023,2025,2030: Can it reach 10000INR by 2025?
J&K BANK IN RECENT NEWS
- J&K Bank has recorded its highest ever annual net profit amounting to Rs.1197 crore.
- The J&K Bank has launched a defamation campaign against non-performing assets (NPAs) without giving them a fair chance to be heard, and the Federation of Chambers of Industries Kashmir (FCIK) has called for immediate intervention by the UT government to resolve the matter. The demand was made in a marathon meeting between the FCIK Advisory Committee and Presidents of organised industrial estates, held at FCIK headquarters under the chairmanship of M.D. Qureshi, which was attended by Presidents of industrial estates including Lassipora, Khunmoh, Rangreth, Zainakote, Sanat Nagar, BAMK, Zakura, Anchidora Anantnag, Vessu, Ganderbal, Gagran Shopian, Shalteng, Sopore, Baramullah, Kupwara, besides other members of the Advisory Committee.
- J&K Bank today opened the new Khanetar Branch location in Poonch and commissioned a Cash Recycler Machine (CRM) in Kishtwar as part of its ongoing efforts to improve customer convenience via growth and infrastructure improvements.
The CRM in Kishtwar was officially opened by Deputy Commissioner (Kishtwar) Dr. Devansh Yadav (IAS) in the presence of the bank’s Zonal Head (Doda/Kishtwar) Fayaz Ahmad Bhat and Cluster Head Parvinder Singh in front of a crowd of esteemed clients, locals and bank representatives.
- J&K Bank today opened a new branch in Tengpora, Srinagar, for the general public as part of efforts to improve banking convenience for its expanding client base. With the most recent expansion, the Srinagar zone now has 100 branches.
J&K BANK SHARE PRICE TARGET 2023
|J&K BANK SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
Jammu and Kashmir bank’s stock price target is likely to be very volatile in 2023. As of 21st August, 2023, J&K share price is up 51.94% year to date. This small cap is currently trading at a PE ratio of 6.27. The bank has been posting impressive results for the last few quarters, and the shares are expected to continue increasing.
For the month of August and September 2023, with the maximum target being ₹99.99 and the minimum being ₹71.28.
However, the maximum target price for the year of ₹103.13 is expected to be achieved in December 2023, with the minimum price target being ₹45.80 for the month of March 2023.
J&K BANK SHARE PRICE TARGET 2024
|J&K BANK SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
In January 2024, the maximum price target is ₹86.45, with the minimum price target being ₹1037.03, which is significantly higher than the minimum price target for the rest of the year. The share price target then increases in February and March 2024, with the maximum targets being ₹97.13 and ₹102.24, respectively. However, the stock price target drops in April and May 2024, with the maximum target being ₹92.95 and ₹77.46, respectively.
In June and July 2024, the maximum and minimum price targets are similar to those in April and May 2024. The share price target then starts to rise again in August 2024, with the maximum and minimum targets being ₹86.91 and ₹68.97, respectively. In September and October 2024, the maximum price target is expected to be ₹91.25 and ₹107.36, respectively. Finally, the share price target for November and December 2024 is projected to be ₹112.72 and ₹114.98, respectively.
J&K BANK SHARE PRICE TARGET 2025
|J&K BANK SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
J&K Bank’s share price is expected to continue its upward trend in 2025. The maximum share price target for January 2025 is ₹117.28, which is expected to increase gradually to reach a maximum of ₹139.47 in December 2025. The minimum share price target for January 2025 is ₹90.21, which is expected to increase gradually to reach a minimum of ₹107.29 in December 2025. In February 2025, the share price is expected to be between ₹123.45 and ₹94.96, while in March 2025, it is expected to be between ₹129.62 and ₹99.71.
J&K BANK SHARE PRICE TARGET 2026 TO 2030
|J&K BANK SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
The maximum share price target for 2026 is ₹97.63, which is expected to decrease to a minimum of ₹68.34. Similarly, the maximum share price target for 2027 is ₹82.99, while the minimum share price target is ₹58.09. However, the share price is expected to recover in 2028, with a maximum target of ₹149.37 and a minimum of ₹104.56. In 2029, the share price is expected to continue its upward trend, with a maximum target of ₹306.84 and a minimum of ₹214.79. Finally, in 2030, the share price is expected to reach a maximum target of ₹341.70 and a minimum of ₹239.19.
FINANCIAL STRENGTH OF J&K BANK (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||-0.34||-1.36||5.44||19.25||-0.85|
|Provisions & Contingencies||598.96||1,180.66||2,664.46||1,253.02||1,179.16|
|Provisions & Contingencies Growth (%)||-49.27||-55.69||112.64||6.26||-59.71|
|Profit after Tax (PAT)||494.85||428.45||-1,183.39||463.85||202.69|
|PAT Growth (%)||17.74||–||-355.12||128.85||–|
|Net Interest Margin (%)||2.99||3.13||3.40||3.33||3.20|
|Net Profit Margin (%)||6.17||5.28||-14.01||6.04||3.06|
|Basic EPS (₹)||5.96||6.01||-16.59||8.35||3.63|
Looking at J&K Bank’s financial statements for the past five years, we can observe some significant changes in the company’s growth. The total income for FY 2022 was ₹8,803.39 crores, showing a slight decrease of 0.34% compared to the previous year. However, the total income growth rate for FY 2019 was 19.25%, the highest among the past five years. On the other hand, provisions and contingencies have shown a declining trend over the years, with a growth rate of -49.27% in FY 2022 compared to the previous year. The profit after tax (PAT) for FY 2022 was ₹494.85 crores, reflecting a growth of 17.74% compared to the previous year. In contrast, the company incurred a significant loss of ₹1,183.39 crores in FY 2020. Despite the negative growth in the past, the company’s PAT growth has been impressive over the years. J&K Bank’s net interest margin (NIM) and net profit margin (NPM) for FY 2022 were 2.99% and 6.17%, respectively. The basic earnings per share (EPS) for FY 2022 were ₹5.96, showing a slight decline compared to the previous year. Overall, J&K Bank has been on a path of steady growth with some fluctuations in its profits and revenues. While the Price-to-Book ratio has been fluctuating, it is now at 0.84 in May 2023. The Price-to-Earning has increased to Rs 4.89.
CLICK HERE TO KNOW: Startup Financing: 6 Ways to Fund Your New Business
What is the maximum share price target of J&K Bank in 2026?
The maximum share price target of J&K Bank in 2026 is Rs. 97.63
What is the maximum share price target of J&K Bank in 2027?
The maximum share price target of J&K Bank in 2027 is Rs. 82.99
What is the maximum share price target of J&K Bank in 2028?
The maximum share price target of J&K Bank in 2028 is Rs. 149.37
What is the maximum share price target of J&K Bank in 2029?
The maximum share price target of J&K Bank in 2029 is Rs. 306.84
What is the maximum share price target of J&K Bank in 2030?
The maximum share price target of J&K Bank in 2030 is Rs. 341.70
CONCLUSION: J&K BANK SHARE PRICE TARGET
According to the financial statements over the previous five years, J&K Bank’s income, PAT, revenue growth, and profit growth have all fluctuated. While the bank’s overall income and PAT have increased in some years, there have also been times when they have decreased. In recent years, the provisions and contingencies have also demonstrated a downward tendency, showing improved management of bad loans. Moreover, the bank’s net profit margin has increased over time while the net interest margin has remained stable.
In light of these elements, it is challenging to determine whether J&K Bank shares are a solid investment without additional research and appraisal of the bank’s present financial situation and potential.