J&K Bank nosedives 18% ahead of conference call

J&K Bank nosedives 18% ahead of conference call

13/10/2016 13:11

Shares of state-controlled Jammu & Kashmir Bank tumbled over 18 per cent on the Bombay Stock Exchange ahead of the bank’s conference call of chairman & CEO with investors.

In line with benchmark indices, shares of bank declined as much as 18.36 per cent in intra-day to trade at Rs 71.10 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of lender fell 9.67 per cent to Rs 78.45 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,675.54, down 406.85 points, or 1.45 per cent, at 1:15 hours.

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