CMP: 1400

The Jammu & Kashmir Bank Limited provides banking services, including CD's, educational loans, housing loans and car loans. The Bank also provides insurance services through a joint venture with MetLife India Insurance Company. The Group has about 475 branches throughout India.

J&K Bank is a good bet in mid-cap banking space trading at a P/E of little over 7 with dividend yields of well over 2% in the last 12 months. Revenues have risen from 2434 Crores to 4835 Crores in the last 5 years. Profits have risen from 360 Crores to 803 Crores in the last 5 years. Profit margins have risen from less than 15% to nearly 17% in the last 5 years. Buy and hold for long term gains.