Tuesday 9 February 2016

JK Tyre & Industries dips 1.3%; Q3 net profit up 20.5%

The tyre manufacturers reported consolidated net profit of Rs.110.64 crore for the quarter ended December 31, 2015, registering growth of 20.51% yoy.


JK Tyre & Industries slipped 1.3% to Rs.88.25 after the tyre manufacturers reported consolidated net profit of Rs.110.64 crore for the quarter ended December 31, 2015, registering growth of 20.51% yoy.

The scrip opened at Rs. 87.75 and touched a high and low of Rs. 91.8 and Rs. 87.75 respectively. A total of 1244538(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2027.71 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 133.65 on 15-Apr-2015 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. 92.9 and Rs. 85.7 respectively.

The promoters holding in the company stood at 52.34 % while Institutions and Non-Institutions held 12.83 % and 34.83 % respectively.

The stock traded above its 200 DMA.

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