Meanwhile, the BSE Sensex was up 4.55 points, or 0.02%, to 28,089.71.

On BSE, so far 1.96 lakh shares were traded in the counter, compared with average daily volume of 2.15 lakh shares in the past one quarter. The stock hit a high of Rs 101 and a low of Rs 98.20 so far during the day. The stock hit a 52-week high of Rs 122.60 on 19 August 2015. The stock hit a 52-week low of Rs 74.05 on 29 February 2016. The stock had outperformed the market over the past 30 days till 9 August 2016, rising 14.30% compared with 1.66% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 26.78% as against Sensex's 9.72% rise.

The small-cap company has equity capital of Rs 45.36 crore. Face value per share is Rs 2.

JK Tyre & Industries' consolidated operating profit rose 19.02% to Rs 363 crore in Q1 June 2016 over Q1 June 2015.

The results for Q1 June 2016 includes working of Cavendish Industries acquired on 13 April 2016 which restarted its operations in mid May 2016. Therefore, results for the quarter are not comparable with previous period.

The company's chairman and managing director, Dr Raghupati Singhania, said that monsoons have had a good start and it is expected to be above normal. This augurs well for tyre industry, particularly in agriculture sector apart from revival of rural demand. Singhania added that it is indeed a matter of great concern that Chinese tyres continue to flood Indian market, more particularly, in the truck/bus radial segment which is causing great injury to the Indian tyre industry. The tyre industry has made several representations to the government to take urgent measures to arrest indiscriminate dumping of these cheap Chinese tyres in India, and expects an early action. He further said that with the opening of mining sector, and higher investments in the infrastructure segment on one hand, and full benefit of additional capacities on the other, the outlook is good in the coming months.

JK Tyre & Industries is a leading four-wheeler tyre manufacturer in India and amongst the top 25 manufacturers in the world with a wide range of products' catering to diverse business segments in the four-wheeler automobile industry.