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JK Tyre surges on the buzz of plan of investing Rs 1,000 crore

26 Dec 2012 Evaluate

JK Tyre & Industries is currently trading at Rs. 122.30, up by 2.25 points or 1.87% from its previous closing of Rs. 120.05 on the BSE.

The scrip opened at Rs. 123.00 and has touched a high and low of Rs. 123.45 and Rs. 120.55 respectively. So far 6812 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 131.00 on 30-Oct-2012 and a 52 week low of Rs. 59.20 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 129.00 and Rs. 119.50 respectively. The current market cap of the company is Rs. 496.82 crore.

The promoters holding in the company stood at 47.34% while Institutions and Non-Institutions held 13.61% and 39.04% respectively. 

To attain the annual output of 20 million tyres, JK Tyre & Industries is reportedly investing around Rs 1,000 crore in its India operations over next three to four years. A major portion of company’s said investment will be diverted to its new plant near Chennai while some of it will go for expanding Udaipur and Mysore plants.

The company has already invested about Rs 1,000 crore at the 104-acre plant at Chennai which commenced earlier this year on an initial annual output of 25 lakh passenger car radials (PCRs) and 4 lakh truck/bus radials (TBRs). The tyre manufacturer, subject to market growth, aims to invest additional Rs 220-230 crore on an annual basis over next 3-4 years. Considering the production capacity at its three Mexico-based plants, the overall global annual capacity of JK Tyre is expected to touch 30 million tyres.

JK Tyres & Inds. Share Price

428.30 8.35 (1.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139772.66
Apollo Tyres 445.30
CEAT 3713.55
Balkrishna Inds. 2329.80
JK Tyres & Inds. 428.30
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