J&K Bank - 3QFY13 Results - Nirmal Bang

- Results were good and above expectations

- NII increased 7.5% QoQ and 31.8% YoY

- Profit before provisioning increased 2.9% QoQ and 34.4% YoY

- Gross NPA increased 5.4% QoQ whereas net NPA declined 10.5% QoQ

- The stock is trading at P/ABV of 1.47x

Source : Equity Bulls

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