The announcement was made after market hours on Friday, 4 December 2015.

Meanwhile, the BSE Sensex was up 90.27 points, or 0.35%, to 25,728.38.

On BSE, so far 25,000 shares were traded in the counter, compared with an average volume of 4.16 lakh shares in the past one quarter.

The stock rose 1% at the high of Rs 105.70 so far during the day. The stock rose 0.05% at the low of Rs 104.90 so far during the day.

The stock hit a record high of Rs 162.95 on 19 December 2014. The stock hit a 52-week low of Rs 78.25 on 30 June 2015.

The stock had outperformed the market over the past one month till 4 December 2015, rising 6.46% compared with 3.45% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 3.05% as against Sensex's 1.73% rise.

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

JK Tyre & Industries said that owing to unprecedented rains in Tamil Nadu, operations at company's plant located at Sriperumbadur, Tamil Nadu have been disrupted for eight shifts. Total loss of production was of the order of about 700 tonnes, JK Tyre & Industries said. The production and dispatch are getting normalised effective on 4 December 2015, the company said. There is no damage to the plant and machinery. However, partial damage has been caused to compound wall, internal roads and fencing. The damages caused by natural calamity are adequately covered under the insurance policy of the company. The company's plants located in other parts of the country are operating normally, it added.

On consolidated basis, JK Tyres & Industries' net profit rose 54.7% to Rs 118.27 crore on 3.6% decline in net sales to Rs 1790.91 crore in Q2 September 2015 over Q2 September 2014.

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