J&KBANK

Fundamental: NII +11.3% YoY | FY26 PAT +13% YoY | P/E 7.3x | P/B 1.04x | ROE 15.4% | GNPA improved to 2.50% (from 4.08% two years ago) | CASA 47% | Dividend ₹2.15/share Technical: Strong uptrend — consistent HH-HL structure above all key MAs | 5/9/13 EMAs bullishly aligned as immediate support |Retesting swing high near ₹166 — sustained move above triggers fresh upside | RSI 66 — strong bullish momentum, not extreme | ADX ~34 — well-established trend | MACD positive; slight moderation suggests brief consolidation before next leg Moat: J&K's dominant regional bank with near-monopoly in Jammu, Kashmir & Ladakh — a 47% CASA ratio, improving asset quality (GNPA at multi-year lows), and three consecutive years of record profits reflect a franchise that operates in a structurally protected market with limited competition. View: A PSU banking turnaround story trading at just 7.3x P/E and 1x book — three years of record profits, rapid NPA clean-up, and the UT of J&K's economic development tailwind make this an attractively valued regional bank at a technical breakout point.