On 23 April 2025, Jammu & Kashmir stock price fell by 8.6% and were trading at Rs 103.78 each on the Bombay Stock Exchange (BSE). By mid-morning trading volume was high — over 16.1 million shares were traded on Wednesday morning. This number is much higher than normal. This drop happened after a terror attack in Pahalgam, Anantnag district, took place. This attack happened on Tuesday afternoon at Baisaran meadow and killed 26 civilians, most of them tourists.
Jammu & Kashmir Bank is affected more than others because 80% of its branches are in Jammu & Kashmir and Ladakh. Because of this tragic event, tourists are cancelling their trips, which is bad for local businesses. This incident has shaken the J&K tourism industry and has left the investors worried.
As per the report, many tourists are worried about their safety and are cancelling their hotel bookings not just in Pahalgam but in other parts of Kashmir too. The Tourism expert said that this will affect the local economy, which heavily depends upon tourism. Last year, Kashmir’s economy grew well and broke all previous records of tourists. As per official data, nearly 3 million tourists visited last year but after this attack it may be hard for people to feel safe and travel there again.
This shows how regional events can have a big impact on stock prices of companies working in that area. Travel agencies and hotels may face big financial losses. Even hotel stocks like Indian Hotels, Lemon Tree Hotels, and Chalet Hotels dropped between 1% to 3%. Airlines Stocks too dropped by 1.6% and 0.5% for SpiceJet and IndiGo, respectively.
