JK Tyre and Industries Ltd up by 9.28 percent | Espresso Market Updates

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Espresso shot of the day – JK Tyre and Industries Ltd up by 9.28 percent

April 01, 2021
Espresso shot of the day – JK Tyre and Industries Ltd up by 9.28 percent

JK TYRE & INDUSTRIES LTD 118.95 (+9.28%)  BSE – INE573A01042| 1STAPRIL 2021

The flagship company of JK Organisation, JK Tyre & Industries Ltd. is one of India’s foremost tyre manufacturers and is also amongst the top 25 manufacturers in the world. JK Tyre & Industries Ltd. launched India’s first ever ‘Smart Tyre’ technology-and introduced Tyre Pressure Monitoring Systems (TPMS) by offering TREEL Sensors, which monitors the tyre’s vital statistics, including pressure and temperature. JK Tyre & Industries Ltd. has been at the forefront in driving innovation and excellence in the tyre industry through introduction of ground-breaking technologies and products that cater to diverse business segments in the automobile industry. A global force, JK Tyre & Industries Ltd. is present in 105 countries with over 180 Global distributors. The Company has 12 globally-benchmarked ‘sustainable’ manufacturing facilities - 9 in India and 3 in Mexico – that collectively produce around 35 million tyres annually. The Company also has a strong network of over 4000 dealers and 500+ dedicated Brand shops called as Steel Wheels and Xpress Wheels. JK Tyre & Industries Ltd. recently was awarded the most coveted Safety award in the world -the Sword of Honour for Safety across its plants by the British Safety Council, UK.

Recent Drivers

  • On 23rd March 2021, JK Tyre & Industries Ltd. said India Ratings and Research has upgraded its long-term issuer rating to ‘IND A/Stable’ on the back of strong recovery in sales and financial performance reported by the company in the December quarter.
  • On 4th March 2021, JK Tyre & Industries Ltd. said it has entered into a strategic partnership with CarDekho and AutoBrix for online to offline doorstep tyre delivery-cum-fitment service. CarDekho Co-founder and CEO Amit Jain said the launch of JK Tyre Man will ensure that the customers can not only buy a car online but can also get quality tyres delivered to their doorstep.
  • JK Tyre & Industries Ltd. reported consolidated net sales at Rs 2,769.28 crores in December 2020 up 25.89% from Rs 2,199.80 crores in December 2019.
  • JK Tyre & Industries Ltd reported consolidated quarterly net profit at Rs 224.09 crores in December 2020 up 1946.48% from Rs 10.95 crores in December 2019.
  • GB Tyres has introduced a new six-year warranty on JK Tyre & Industries Ltd., commercial vehicle tyres. The wholesaler became the exclusive UK & Ireland distributor of the Indian brand’s tyre range in January 2020.
(Sources: LiveMint, Moneycontrol, Business Standards, Business Today, Tyre Press)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 2.59%
  • Touched upper circuit 119.70
  • 3 months avg volume- 502,329
  • Quantity traded 1,58,771 Deliverable quantity 55,298 (34.83%)
  • Stock price has jumped more than 200% from one year low level – 39, 1 April 2020
  • Daily RSI (14) crossed central line today
  • 52 -week high – 146.75 | 52- week low- 39

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

154.23

120.97

98.03

64.77

41.83

8.57

-

-

Fibonacci Pivot

120.97

99.50

86.24

77.69

64.77

51.84

43.30

30.04

8.57


Today’s Close

119.70

SMA

BSE

10 DAY

112.65

20 DAY

117.63

50 DAY

122.49

200 DAY

81.75

Some Key Ratios (Source: BSE)

Market Cap: 2928.92crores

PE: 24.12

OPM%: 13.98

ROE%: 5.21

Promoters holding : 56.23

Prev. Close: 108.85

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.