JK Tyre surges 14% on upbeat Q2 numbers
JK Tyre & Industries had on Wednesday reported over three-fold jump in consolidated net profit at Rs 167.70 crore.
By PTI | Updated:
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Shares of JK Tyre and Industries on Thursday surged over 14 per cent after it reported strong financial performance for the July-September quarter. The stock jumped 13.87 per cent to Rs 80 on the BSE.
On the NSE, the scrip rose 14.37 per cent to Rs 80.35.
JK Tyre & Industries had on Wednesday reported over three-fold jump in consolidated net profit at Rs 167.70 crore in the September quarter, driven by gains from deferred tax liability.
The company had posted a consolidated net profit of Rs 45.78 crore in the same period last fiscal, JK Tyre & Industries had said in a regulatory filing.
The shares of the company closed 7.62 per cent higher at Rs 75.60 on BSE.
On the NSE, the scrip rose 14.37 per cent to Rs 80.35.
JK Tyre & Industries had on Wednesday reported over three-fold jump in consolidated net profit at Rs 167.70 crore in the September quarter, driven by gains from deferred tax liability.
The company had posted a consolidated net profit of Rs 45.78 crore in the same period last fiscal, JK Tyre & Industries had said in a regulatory filing.
The shares of the company closed 7.62 per cent higher at Rs 75.60 on BSE.
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