Jammu & Kashmir Bank shares jump 3% as ace investor Mukul Agrawal buys 1.3% stake in June quarter

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.