Although stock market investing can be challenging, it can also be very lucrative. Jammu & Kashmir Bank, one of India’s top private sector banks, is one business that has attracted investors’ attention recently. J&K Bank has been on the minds of numerous investors due to its strong regional presence in Jammu & Kashmir and expanding national footprint, as well as its potential for expansion and profitability.
The share price target for J&K Bank for the years 2023 to 2030 will be discussed in this article. We will look at the bank’s current situation, its financial success in recent years, and the variables that could affect its future growth.
J&K BANK IN RECENT NEWS
- The price target for JK Paper (NSE:JKPAPER) has been raised by 14.13% to 501.16.
J&K BANK SHARE PRICE TARGET 2023
|J&K BANK SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
In April, the maximum price target is projected to be ₹58.20, while the minimum target is estimated to be ₹44.77. However, in May, the share price target is expected to decline, with the maximum target dropping to ₹48.50 and the minimum falling to ₹37.31. June sees a return to the trend seen in April, with the maximum and minimum share price targets estimated to be the same as in that month – ₹58.20 and ₹44.77, respectively.
J&K Bank’s shares are predicted to rebound in July, with the maximum price target rising to ₹69.84 and the minimum to ₹53.72. The upward trend is expected to continue in August, with the maximum share price target rising to ₹76.82 and the minimum to ₹59.10. In September, further growth in the share price target range is expected, with the maximum target predicted to be ₹80.67 and the minimum to be ₹62.05.
October’s share price target range is projected to remain similar to that of August, with the maximum target at ₹76.82 and the minimum at ₹59.10. The share price target for J&K Bank is projected to rise again in November, with the maximum target increasing to ₹84.51 and the minimum to ₹65.00. Finally, the maximum share price target is expected to reach its peak in December at ₹94.65, while the minimum is estimated to be ₹72.81.
J&K BANK SHARE PRICE TARGET 2024
|J&K BANK SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
In January, the maximum target is predicted to reach ₹99.63, with the minimum target at ₹1037.03. February and March are projected to see a decline in the share price target, with the maximum target dropping to ₹111.94 and ₹117.83, respectively. April and June are expected to have the same maximum and minimum target range of ₹107.12 and ₹82.40, respectively.
May sees a further decline in the share price target, with the maximum target falling to ₹89.27 and the minimum to ₹68.67. July and August show a slight rebound in the share price target, with the maximum targets estimated at ₹91.05 and ₹100.16, respectively, and the minimum targets at ₹70.58 and ₹79.49, respectively.
In September, the share price target range is projected to be ₹105.17 (maximum) and ₹80.90 (minimum). The maximum and minimum share price targets for October and November are estimated to be ₹123.73 and ₹95.17, and ₹129.91 and ₹99.93, respectively. The year ends with a maximum share price target of ₹132.51 and a minimum target of ₹101.93 for December 2024.
J&K BANK SHARE PRICE TARGET 2025
|J&K BANK SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
J&K Bank’s share price target is predicted to continue its upward trend. In January 2025, the maximum target is expected to be ₹135.16, while the minimum target is projected to be ₹103.97. The trend is expected to continue in February and March, with the maximum target reaching ₹142.27 and ₹149.39, respectively, and the minimum target rising to ₹109.44 and ₹114.91. In April and May, the share price target is expected to decline slightly, with the maximum target dropping to ₹133.38 in both months and the minimum target falling to ₹102.60 and ₹93.27, respectively.
June sees a return to the trend seen in April, with the maximum and minimum share price targets estimated to be the same as in that month. The upward trend is expected to continue through the rest of the year, with the maximum target reaching its peak in December at ₹160.74 and the minimum target at ₹123.64 in the same month.
J&K BANK SHARE PRICE TARGET 2026 TO 2030
|J&K BANK SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
In 2026, the maximum and minimum share price targets are projected to be ₹112.52 and ₹78.76, respectively. By 2027, the share price target is predicted to decline further, with the maximum target falling to ₹95.64 and the minimum to ₹66.95. However, the trend is expected to reverse in 2028, with a significant increase in the share price target range, with the maximum and minimum targets at ₹172.15 and ₹120.50, respectively.
The share price target for J&K Bank is expected to continue to rise over the years 2029 and 2030. In 2029, the maximum target is expected to be ₹353.62, while the minimum target is projected to be ₹247.53. By 2030, the maximum and minimum share price targets are predicted to be ₹393.81 and ₹275.66, respectively, reflecting a further increase in the share price.
These projections are based on available data, but it is important to keep in mind that the share price target may be influenced by a range of factors that are difficult to predict.
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|
Jammu and Kashmir (J&K) Bank’s financial statement over the past five years shows a mix of growth and decline. The company’s total income has seen a fluctuating trend, with a high of ₹8,954.89 crore in FY 2020 and a low of ₹7,122.24 crore in FY 2018. Despite the revenue growth of 5.44% in FY 2020, J&K Bank’s provisions and contingencies have been a cause of concern.
It reached a peak of ₹2,664.46 crore in FY 2020, but there has been a significant decline of 49.27% in FY 2022, which is a positive sign for the bank. Profit after tax (PAT) has also seen a fluctuating trend, with a high of ₹463.85 crore in FY 2019 and a low of ₹-1,183.39 crore in FY 2020, which is quite alarming. However, the bank has managed to bounce back in FY 2022 with a PAT growth of 17.74%.
The net interest margin has been consistent, with the highest being 3.40% in FY 2020, and the lowest being 3.13% in FY 2021. The basic EPS has also seen fluctuations over the years, with a high of ₹8.35 in FY 2019 and a low of ₹-16.59 in FY 2020. Overall, J&K Bank’s financial statement indicates a mixed performance, with both positive and negative growth trends.
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What is J&K Bank’s revenue growth rate?
J&K Bank’s revenue growth rate has varied over the years. According to its financial statements, the bank’s total income growth rate has ranged from a high of 19.25% in FY 2019 to a low of -1.36% in FY 2021.
What is J&K Bank’s profit growth rate?
J&K Bank’s profit growth rate has also varied over the years. The bank’s profit after tax (PAT) growth rate has ranged from a high of 128.85% in FY 2019 to a low of -355.12% in FY 2020.
What is J&K Bank’s maximum and minimum share price target?
The maximum and minimum share price target for J&K Bank can vary greatly depending on market conditions and other factors. It is important to consult with a financial advisor or conduct your own research before making any investment decisions.
CONCLUSION: J&K BANK SHARE PRICE TARGET
There are both good and negative signs found in the five-year review of J&K Bank’s financial accounts. The company has had sales growth in recent years, although PAT and net profit margin have declined. The corporation recorded a loss in FY 2020 due to the erratic provisions and contingency charges. Although consistent, the net interest margin has not been very high.
It would be prudent for investors to carry out additional research and analysis before deciding to invest in J&K Bank in light of these issues. While there may be room for development and advancement, there are also dangers and unknowns to take into account. Additionally, consideration should be given to factors like the business environment, industry competition, and management.