J&K Bank 5th among top 10 stocks SRINAGAR: J&K Bank ranks fifth among the top 10 rated sensitive stocks which can deliver up to 26% return in near term, said a report that appeared in a Mumbai business daily. The bank in its statement issued here on Friday quoting the report said that J&K Bank fell sharply on 30th May 2014 from a high of 1849 to a low of 1470. “The stock however, has been showing signs of accumulation thereafter and continues to be in a strong uptrend. The risk reward ratio appears favorable”, the report said. Quoting Senior Vice President – Investment Strategies at Microsec Capital Vinit Pgaria, the report maintained an investment call of ‘Buy’ on the bank’s stock with the ‘Target Price’ fixed at Rs 1850 and predicted return of 14 percent in the near term. The list collated by the newspaper contains stocks of ICICI Bank, HDFC, PNB and Yes Bank besides Bajaj Auto, Reliance infrastructure, Larsen & Turbo, Sesa Sterlite and Inidabulls Real Estate. Notably, the bank ranks third among the bank stocks, it added.
Posted on: Sat, 09 Aug 2014 06:27:44 +0000
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