Meanwhile, the S&P BSE Sensex was down by 306.19 points or 0.83% to 36,712.19.

On the BSE, 72000 shares were traded in the counter so far compared with average daily volumes of 36000 shares in the past two weeks. The stock had hit a high of Rs 67.65 so far during the day. The stock hit a 52-week low of Rs 60 in intraday trade today, 2 August 2019.

JK Tyre & Industries is a leading tyre manufacturer with a wide range of products catering to diverse business segments in the automobile industry