J&K Bank: Value Meets BreakoutJammu & Kashmir Bank Ltd.NSE_DLY:J&KBANKALICEBLUEJammu & Kashmir Bank Ltd is a scheduled commercial bank established in 1938 and headquartered in Srinagar, India. It provides retail, corporate, treasury and other banking services across the country and acts as an agent bank for the Union Territories of Jammu & Kashmir and Ladakh. Valuation P/E: ~5–6 (Sector avg ~12–18) → Undervalued P/B: ~0.7–0.8 → Trading below book value Dividend Yield: ~2% Market Cap: Mid-cap PSU bank Profitability ROE: ~15% Stable Net Interest Margin (NIM) Consistent profit growth Asset Quality Gross NPA: ~3% (significantly improved) Provision Coverage Ratio: ~90%+ Capital Adequacy Ratio (CAR): ~16% 👉 Balance sheet clean-up + strong capital buffer supports re-rating potential. 📉 Technical View (Daily Chart) 1-year Rectangle consolidation between ~₹90–₹120 Fresh breakout above ₹120 with strong bullish candle Structure shifting to Higher High formation Reversal/Demand Zone: ₹102–₹112 Upside Levels: ₹131 (R1) ₹145 (R2) ₹161 (R3) Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/