Today J&K Bank hit its 52 week high intraday.
I confess I have a soft corner for this company and its stock.
Why is that?Because over the years it has proved to be a tremendous compounding machine.
On Jan 1 , 2001 its closing price was 34.3.Today it closed at 895 after hitting an intraday high of 929.8.
If an investor had held onto this stock thru thick and thin, over all these years he would have had a compounded return of close to 35% per annum.
Of course the ride would not have been easy (see chart below)