By The Biz Reporter
Srinagar, June 4: Shares of Jammu and Kashmir Bank took a nosedive on Tuesday, plunging over 17% in intraday trading as the results of the Lok Sabha elections trickled in.
The bank’s stock opened at ₹135 on the National Stock Exchange but witnessed sustained selling pressure through the day. By 2 pm, the share price had tumbled ₹23 to ₹111, marking a steep 17.04% decline from the opening level.
At one point during the session, J&K Bank shares touched an intraday low of ₹108.50 before paring some losses. The sharp sell-off came amid a broader market rally on Monday.
