Business Standard

JK Tyre stocks up 14 pc on upbeat Q2 numbers

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Press Trust of India New Delhi
Shares of JK Tyre and Industries on Thursday surged over 14 per cent after it reported strong financial performance for the July-September quarter.
The stock jumped 13.87 per cent to Rs 80 on the BSE.
On the NSE, the scrip rose 14.37 per cent to Rs 80.35.
JK Tyre & Industries had on Wednesday reported over three-fold jump in consolidated net profit to Rs 167.70 crore in the September quarter, driven by gains from deferred tax liability.
The company had posted a consolidated net profit of Rs 45.78 crore in the same period last fiscal, JK Tyre & Industries had said in a regulatory filing.

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First Published: Oct 31 2019 | 11:10 AM IST

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