Mukul Mahavir Agrawal acquired a 1.27% stake in Jammu & Kashmir Bank during the June 2024 quarter. The bank reported a 9.5% YoY growth in total business in Q1FY26, with deposits up 12% and advances up 5.5%. While Q4 net profit declined due to higher provisions, the board recommended a 215% dividend payout.
Mukul Agrawal portfolio: Ace investor Mukul Agrawal picked up a 1.27% stake in Jammu & Kashmir Bank during Q1FY26. The PSU bank reported 9.5% YoY growth in total business and improved asset quality, despite a dip in net profit.
The government set a capex budget of Rs 11.2 lakh crore for the next fiscal year, slightly up from Rs 11.1 lakh crore in FY25. Following the announcement, shares of L&T, J Kumar Infraprojects, Ahluwalia Contracts, and KEC International dropped up to 5%. KNR Construction and H.G. Infra Engineering erased earlier gains, correcting up to 6.4% by 2:15 pm.
Indian Metals & Ferro Alloys stock traded above its 50-day and 200-day SMAs of Rs 821 and Rs 729, respectively, but remained volatile with a 1-year beta of 1.5, as per Trendlyne data. It has a market capitalization of Rs 4,862.88 crore, reflecting its position in the market despite fluctuating trends.
Shares of J Kumar Infraprojects soared nearly 16% to Rs 795.25, while IRB Infrastructure Developers climbed 7.6% to a high of Rs 51.20. L&T also gained 4.2%, reaching an intraday high of Rs 3,757.70. Other infrastructure stocks, including Ceigall India, Ashoka Buildcon, Afcons Infrastructure, GPT Infraprojects, and KNR Constructions, rose between 2-7%.
Indian benchmark indices kicked off the week on a strong note, thanks to BJP-led Mahayuti alliance's landslide victory in the Maharashtra Assembly election over the weekend.
Stocks including Reliance Industries, HCL Tech, Garuda Construction, JSW Infra, Angel One, IOB, Can Fin Homes, Zydus Life, CESC and more will be the spotlight on Tuesday, October 15.
Stocks including PN Gadgil, YES Bank, Tata Steel, Torrent Power, JK Tyre, FSL, Globus Spirits, Indo Count, HEG and more will be the spotlight on Tuesday, September 17.
Aug 07, 2024 / 07:00AM GMTOperator Ladies and gentlemen, good day, and welcome to J Kumar Infraprojects Limited Q1 FY25 earnings conference call. (Operator Inst
There are 9 smallcap stocks favored by D-Street bulls and ace investors like Ashish Kacholia, Rekha Jhunjhunwala, and Vijay Kedia. These investments have demonstrated significant profitability over the past year.
May 29, 2024 / 08:30AM GMTOperator Ladies and gentlemen, good day, and welcome to J Kumar Infraprojects Limited. Q4 and FY24 earnings conference call. (Operator
Jan 31, 2024 / 06:30AM GMTOperator Ladies and gentlemen, good day, and welcome to J. Kumar Infraprojects Limited Q3 and nine months FY24 results conference call
We initiate coverage on J Kumar Infraprojects Limited (JKIL) with a BUY recommendation and a Target Price (TP) of Rs 800/share, implying an upside of 25% from the CMP. We believe JKIL, with its sub…