Srinagar, Sep 7 (PTI) Shares of Jammu and Kashmir Bank on Thursday hit the highest level in the last eight years, gaining over 12 per cent from Wednesday's closing price.

During the intraday trade, the bank's stock touched a high of Rs 103.50 before settling at Rs 100.80 apiece on the NSE.

Also Read | ISRO IPRC Admit Card 2023: Hall Ticket for CBT Examination Released at iprc.gov.in, Get Direct Link and Know Steps To Download.

It is the highest level the J&K Bank shares have attained since August 2015.

Baldev Prakash, Managing Director of J&K Bank, said that the bank is achieving new milestones.

Also Read | Maratha Quota Violence in Maharashtra: Shiv Sena UBT Delegation Meets Governor Ramesh Bais, Demands Devendra Fadnavis’ Resignation Over Police Action Against Protesters in Jalna.

With the hard work of employees, the bank registered the highest profit of Rs 1,197 crore in the previous fiscal and also crossed the 3 lakh crore business target, he said.

The bank has given a dividend to shareholders this year after a gap of seven years.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)