INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on JK Tyre Industries Ltd
with a target price of Rs 104.0
The current market price of JK Tyre Industries Ltd
is Rs 96.25 Time period given by the analyst is Intra Day when JK Tyre Industries Ltd
price can reach the defined target
Manas Jaiswal recommended to keep stoploss at Rs 93
JK Tyre Industries Ltd., incorporated in 1951, is a smallcap company with a market cap of Rs 2183.08 crore.
JK Tyre Industries Ltd
key Products/Revenue Segments include Tyres, Tubes Flaps which contributed Rs 6431.08 Crore to Sales Value (97.75 % of Total Sales), Other
Services which contributed Rs 84.37 Crore to Sales Value (1.28 % of Total Sales) and Other Operating Revenue which contributed Rs 63.05
Crore to Sales Value (0.95 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 2730.77 Crore, up 9.50 % from last quarter Sales of
Rs 2493.76 Crore and up 28.61 % from last year same quarter Sales of Rs 2123.24 Crore Company has reported net profit after tax of Rs 24.74
Singh Mewar, Mr.Bakul Jain, Mr.Bharat Hari Singhania, Mr.Kalpataru Tripathy, Mr.Shreekant Somany, Mr.Vimal Bhandari, Mrs.Sunanda Singhania
Company has S S Kothari Mehta Co as its auditoRs As on 31-12-2018, the company has a total of 226,813,480 shares outstanding
