Jammu & Kashmir Bank among 3 stocks that closed crossing above VWAP
Jammu & Kashmir Bank is in focus with October 19 in focus.
· ET Stocks, Economic Times Markets
Three Nifty 500 stocks displayed positive price strength, closing above their Volume Weighted Average Price (VWAP), reflecting favourable trading momentum and buying interest during the October 19 trading session.
Key facts
- Dates in focus
- October 19
The analysis
Against that, the stock is -1.5% on the day at ₹137.20, and has returned -24.4% over three months. It sits 29% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -3.3% over the same period, so Jammu & Kashmir Bank is running 21.1 points behind its peers.
For Jammu & Kashmir Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is J&KBANK.
- Sector exposure: Banks.
In this story
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