Mukul Agrawal bought 1,40,00,000 shares of this Private Sector Bank; Stock trades at single-digit PE & LIC holds 1,46,41,715 shares!

DSIJ Intelligence-1 / 10 Jul 2025/ Categories: Multibaggers, Trending

Mukul Agrawal bought 1,40,00,000 shares of this Private Sector Bank; Stock trades at single-digit PE & LIC holds 1,46,41,715 shares!

The stock is up by 38.7 per cent and has given multibagger returns of 500 per cent in 5 years.

On Thursday, the benchmark indices were trading in red with the BSE Sensex Index & the NSE Nifty-50 Index, down over 0.30 per cent, each. Out of 3,797 stocks traded on BSE, 1,407 were advances, 2,214 were declines and 176 were unchanged.

Along with the market being in the red, shares of the Private Sector Bank plunged 0.60 per cent to Rs 111.70 per share from its previous closing of Rs 112.35 per share. The stock’s 52-week high is Rs 123.80 per share and its 52-week low is Rs 82.01 per share.

An ace investor, Mukul Mahavir Agrawal, took a fresh entry and bought 1,40,00,000 shares or 1.27 per cent stake in the company. Additionally, Life Insurance Corporation of India (LIC) holds 1,46,41,715 shares or a 1.33 per cent stake in the company.

The private sector bank name is Jammu and Kashmir Bank Ltd.

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About the Company

Jammu & Kashmir Bank (J&K Bank), a publicly held banking company incorporated in Jammu & Kashmir, India, offers a comprehensive suite of banking services, encompassing Retail Banking, Corporate Banking, and Treasury Operations. Notably, it stands as the sole private sector bank in the country tasked with convening State/UT Level Bankers’ Committee (SLBC/UTLBC) meetings. J&K Bank continues to effectively fulfil its lead bank responsibilities across 12 districts within the UT of Jammu & Kashmir, including Srinagar, Ganderbal, Budgam, Baramulla, BandIPOra, Kupwara, Anantnag, Kulgam, Pulwama, Shopian, Poonch, and Rajouri.

In FY25, the company reported net sales of Rs 12,541 crore and net profit of Rs 2,082 crore. The company has a market cap of over Rs 12,000 crore and has delivered good profit growth of 30.3 per cent CAGR over the last 5 years. The shares of the company have a PE of 6x whereas the industry PE is 14x with an ROE of 16 per cent and an ROCE of 6 per cent. The stock is up by 38.7 per cent and has given multibagger returns of 500 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.