Friday 15 May 2015

JK Tyre surges on stellar Q4 earnings

Whereas, total income declined by 5.4% to Rs. 1,815 crore from Rs. 1,919 crore for the above mentioned period. 

JK Tyre & Industries started the day on a firm note after the company reported consolidated net profit of Rs. 106 crore in Q4FY15, as against Rs. 44.9 crore in Q4FY14.

Whereas, total income declined by 5.4% to Rs. 1,815 crore from Rs. 1,919 crore for the above mentioned period.

The stock opened with a gain of 2.7 percent at Rs. 124 and soon, has soared 5.8 percent to a high at Rs. 128.

Now, the stock is up 3.2 percent at Rs. 125. The BSE counter has registered trades of around 107,000 shares, when compared with two-week daily average volume of 199,000 shares.

Meanwhile, the Sensex has added 97 points at 27,303.

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