After witnessing a steady decline since 2014 and hitting a rock bottom of INR12 in April 2020, J&K Bank has bounced back around 10x, becoming a multibagger. The stock is currently trading at a P/BV of 1.37x at INR112. While there could be several hiccups on the way, for investors it’s an opportunity worth looking at.
Besides the awestruck tourists, another breed that is flocking to J&K in hordes are the financial investors. These risk-taking creatures try to spot opportunities and sail with the winds of change. Indeed, there are nascent signs of entrepreneurial evolution underway in J&K. And what better a proxy to understand the undercurrents of these changes than the J&K Bank itself – the lender has nearly 62% market share in the banking
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