Hot Pursuit     16-Aug-17
JK Tyre slips after reverse turnaround in Q1
JK Tyre & Industries fell 3.49% to Rs 146.50 at 9:55 IST on BSE after the company reported consolidated net loss of Rs 107.73 crore in Q1 June 2017, compared with net profit of Rs 100.26 crore in Q1 June 2016.
The result was announced after market hours on Monday, 14 August 2017.

Meanwhile, the S&P BSE Sensex was up 7.86 points or 0.02% at 31,456.89. The S&P BSE Mid-Cap index rose 48.43 points or 0.32% at 15,141.05.

On the BSE, 3.22 lakh shares were traded on the counter so far as against the average daily volumes of 3.03 lakh shares in the past one quarter. The stock had hit a high of Rs 146.70 and a low of Rs 140 so far during the day. The stock had hit a record high of Rs 186.55 on 8 June 2017 and a 52-week low of Rs 101.10 on 12 August 2016.

The stock had underperformed the market over the past one month till 14 August 2017, sliding 8.42% compared with the Sensex's 1.79% fall. The stock had also underperformed the market over the past one quarter, declining 8.42% as against the Sensex's 4.18% rise. The scrip had, however, outperformed the market over the past one year, advancing 44.64% as against the Sensex's 11.71% rise.

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

JK Tyre & Industries' consolidated net sales rose 1.5% to Rs 1806.61 crore in Q1 June 2017 over Q1 June 2016.

JK Tyre & Industries is a leading tyre manufacturer in India.

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