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Total income in the first quarter of the current fiscal rose to Rs 2,885 crore from Rs 2,306 crore in the same period a year ago, J&K Bank said in a regulatory filing. Interest earned by the bank improved to Rs 2,657 crore as against Rs 2,103 crore in June 2022.

Aggressive short cover signifies people holding a short position on a stock have decided to exit, and further, traders buy back shares that they initially took positions to short sell.​

The stock quoted a 52-week high price of Rs 7638.0 and a 52-week low of Rs 4778.55.

The RSI is a technical indicator that measures the speed and change of price movements. It oscillates between 0 to 100 and is typically used to identify overbought or oversold conditions in a stock. An RSI value above 70 indicates that the stock is overbought and may be due for a correction, while an RSI below 30 suggests that the stock is oversold and might experience a rebound.

A total of 2,529 shares changed hands on the counter till 01:07PM (IST).

Several companies within the S&P BSE 100 Index achieved new 52-week highs on July 24, 2023, with some standouts being Ashok Leyland, Grasim Industries, and United Spirits. ICICI Bank, L&T, ONGC, and Tata Motors DVR also reached new highs. The data was sourced from BSE at 12.40 pm, and updates could come with a lag.

A total of 6,753 shares changed hands on the counter till 11:16AM (IST)

​We are not comparing loan growth to FY23 because FY23 was a very strong year in terms of loan growth but for the year probably 13-13.5% sort of credit growth for the system looks likely and wherein private banks will be doing better than that so they could probably be in the 17 to 18 range in the sector level.

“We expect better numbers in spite of the fact that we will merge JSW Ispat. Necessary approvals have been obtained and we would merge it in Q2 and that would add some debt but in spite of that, we are confident of being able to get it down below what it stands in quarter one today.”

The brokerage expects the company to deliver a robust NII/Earnings growth of 30/37% CAGR overFY23-25E.