Ace investor Sachin Bansal ups stake in this tyre stock during Q3
The consensus estimate for the stock is "hold". JK Tyre has an average target price of Rs 177.67, which represents a downside of -2.06% from the current levels. On Thursday, the scrip was down about 0.38% to last trade at Rs 181.40 on the NSE.
Last week, natural rubber prices dropped to a two-year low mirroring the weaker trends overseas due to lower demand from China and higher supply. Meanwhile, Brent Crude prices fell to the $80 a barrel mark again amid concerns over an economic slowdown and rising Covid cases in China.
Ceat Q2 Results: Profit slumps 81% YOY to Rs 7.83 crore on higher input costs
That was more than offset by a 19.3% rise in total expenses, to 28.64 billion rupees, with input costs jumping 24%.Oil prices have risen sharply after the Russia-Ukraine conflict since the early part of this year, raising the cost of petrochemicals that are a key component in tyre manufacturing.
Stocks to buy or sell today: 8 short-term trading ideas by experts for 25 October 2022
Indian markets are expected to open flat with a negative bias on Tuesday tracking muted global cues. The S&P BSE Sensex rose more than 500 points while Nifty50 reclaimed 17,700 levels on the Muhurat Trading Day.
A.P. Moller - Maersk opens new warehouse in Bhiwandi
Maersk is developing and providing solutions ranging from ocean transportation to landside and air transportation, contract logistics including warehousing & distribution (W&D) and depots, custom clearances and visibility solutions.
Trade Spotlight | What should you do with Astral, EIH, JK Tyre on Monday?
Astral rallied more than 6 percent to Rs 2,314.45 and formed strong bullish candlestick pattern on the daily charts with robust volumes, continuing uptrend for third consecutive session. It has decisively broken the long downward sloping resistance trend line adjoining January 17 and August 25 this year.
In the past the crossover has given 167%. This time, I would expect at least half of it. Considering the demand for automotive & Rubber raw material prices, the stock has potential to ta......read more
Stocks in the news: RIL, Wipro, JSW Steel, Tata Power and Max Healthcare
The government hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates.
JK Tyre & Industries Q1 Results: Profit falls 20% YoY to Rs 35 crore
Consolidated revenue from operations during the quarter under consideration stood at Rs 3,643.03 crore as compared to Rs 2,608.44 crore in the year-ago period, it added.Total expenses in the first quarter were higher at Rs 3,557.97 crore from Rs 2,533.1 crore a year ago, with cost of materials consumed at Rs 2,616.58 crore, up from Rs 1,775 crore in the first quarter last fiscal, the company said.
Hot Stocks | Here's why Balaji Amines, JK Tyre, Vedant Fashions may fetch double-digit returns in short term
Vedant Fashions is coming out of 6 months of consolidation with heavy volume followed by a breakout of Bullish Flag formation. However, the recent move is a little stretched therefore some pullback can't be ruled out but that will provide a good buying opportunity.
JK Tyre strengthens retail presence, inaugurates 70th outlet
The facility, spread across 4,000 sq ft, provides end-to-end solutions for truck and bus tyres. It is equipped with trained technical advisors, wheel servicing equipment, range of tyres for trucks and buses among others, a company statement said.
JK Tyre & Industries Q4 profit falls 80 pc to Rs 38 cr
Total expenses were higher at Rs 3,280.78 crore as compared to Rs 2,673.58 crore in the corresponding period a year ago, with cost of materials consumed rising to Rs 2,219.63 crore from Rs 1,839.4 crore in the same quarter previous year.