Shares of private sector lender Jammu and Kashmir Bank gained traction after ace investor added stake in the entity. As of the latest shareholding data filed with the exchanges on July 7, ace investor held 1.27 per cent equity in the private lender, which totals to 1,40,00,000 equity shares in the entity.

After gaining over 3 per cent, this stock as of writing the copy at around 3 pm traded with gains of just 1 per cent per share on the BSE.

The investor has made a fresh entry into the stock- which in the wake of Operation Sindoor saw a sharp drag.

Jammu and Kashmir Bank share price performance

In the last 3 years, the scrip of Jammu and Kashmir has soared 319 per cent, while the stock’s year-to-date return is 11 per cent.