JK Tyre stock surges 6%; opens two new truck wheels centres

The company has opened 3 new exclusive showrooms – one Steel Wheels showroom in Jaipur (Rajasthan) and Truck Wheels Showrooms in Yerraguntla (near Kadapa, Andhra Pradesh) and Hassan (near Mysore, Karnataka).

JK Tyre and Industries Ltd stock were higher by 6% at Rs. 112. Report says the company has opened 3 new exclusive showrooms – one Steel Wheels showroom in Jaipur (Rajasthan) and Truck Wheels Showrooms in Yerraguntla (near Kadapa, Andhra Pradesh) and Hassan (near Mysore, Karnataka).

The scrip opened at Rs. 111 and has touched a high and low of Rs. 114.5 and Rs. 111 respectively. So far 4400152(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2404.22 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 162.95 on 19-Dec-2014 and a 52 week low of Rs. 78.25 on 30-Jun-2015. Last one week high and low of the scrip stood at Rs. 107 and Rs. 96.2 respectively.

The promoters holding in the company stood at 52.34 % while Institutions and Non-Institutions held 13.14 % and 34.52 % respectively.

The stock is currently trading below its 200 DMA