Jammu & Kashmir Bank shares jumped 7.4 per cent in Thursday's trade, logging an intraday high at Rs 105.44 per share on BSE. The stock gained after the bank's board appointed Amitava Chatterjee as managing director and chief executive officer of the bank for a period of 3 years to be effective from December 30, 2024.
Around 11:32 AM, J&K Bank shares were up 4.82 per cent at Rs 102.85 per share on BSE. In comparison, the BSE Sensex was up 0.07 per cent at 78,528.01. The market capitalisation of the company stood at Rs 11,325.66 crore. The 52-week high of the stock stood at Rs 152.45 per share and the 52-week low stood at Rs 88.20 per share.
"Government of Jammu and Kashmir have appointed Mr. Amitava Chatterjee as Government Nominee Director on the Board of Directors of the Bank in place of Mr. Baldev Prakash w.e.f December 30, 2024," the filing read.
