On Friday, Indian equity benchmarks ended higher, with the Nifty 50 index rising 1.00 per cent to 24,206.90, while the Nifty Bank index gained 1.39 per cent to close at 58,045.90. Amid the strong momentum in banking stocks, Jammu & Kashmir Bank share price jumped 14.39 per cent, or Rs 24.24, to close at Rs 192.65.
Strong Share Price Performance
J&K Bank has delivered strong returns across multiple time periods. The stock has gained 23.78 per cent over the past one month, 90.81 per cent over the last six months and 71.38 per cent over the past one year. The bank currently has a market capitalisation of Rs 21,214 crore.
Mukul Agrawal Increases Stake
According to the March 2026 shareholding pattern, Ace Investor Mukul Mahavir Agrawal increased his stake in J&K Bank to 1.50 per cent from 1.27 per cent in the December 2025 quarter. He now holds 1,65,00,000 equity shares of the bank. With the stock gaining Rs 24.24 during Friday’s session, the value of his holding increased by approximately Rs 39,99,60,000 (around Rs 40 crore) in a single day. It is important to note that the increase in his shareholding relates to the March 2026 quarter and is not linked to Friday’s sharp rise in the share price.
J&K Bank Shareholding Pattern
As of March 2026, the promoter holding remained unchanged at 59.40 per cent. Foreign Institutional Investors (FIIs) increased their stake to 8.35 per cent from 8.14 per cent in the previous quarter, while Domestic Institutional Investors (DIIs) marginally increased their holding to 6.00 per cent from 5.84 per cent. Public shareholding stood at 26.26 per cent.
J&K Bank Single Digit PE
J&K Bank is currently trading at a price-to-earnings (P/E) ratio of 9.03, which is significantly below the banking industry’s average P/E of 15.9, indicating that the stock is trading at a relatively attractive valuation compared with its peers.
About J&K Bank
Jammu & Kashmir Bank Limited is a leading public sector bank headquartered in Srinagar. The bank provides a wide range of banking and financial services across retail, corporate, agriculture, MSME and treasury segments through its extensive branch network across India.
The bank has continued to strengthen its balance sheet through improving asset quality, healthy profitability and consistent growth in advances and deposits. With a strong presence in Jammu & Kashmir and expanding operations across the country, J&K Bank remains focused on sustainable growth and digital banking initiatives.
What are your views on J&K Bank after its recent rally and the latest shareholding changes? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.