Reviews

JK TYRE & INDUSTRIES LTD. 

Ticker : 530007
FV: Rs 2
52-Week H/L: Rs 146.75/55.00

We had previously recommended JK Tyre & Industries Ltd in volume no. 37, issue no. 20, dated March 8, 2021, when the scrip was trading at Rs 127.75 per share. It was recommended based on the optimistic growth prospects of the company. On the consolidated financial front, for Q4FY21, the company's net sales rose by 63.3 per cent to Rs 2,927.28 crore from Rs 1,792.56 crore reported in Q4FY20. PBDT for Q4FY21 came in at Rs 376.22 crore, which is a significant increase compared to that of Rs 19.85 crore posted in Q4FY20. The company reported a net profit of Rs 196.02 crore in Q4FY21 as against a net loss of Rs 46.95 crore reported in Q4FY20. Considering strong financial performance for the recent quarter, we recommended to BOOK PROFIT at Rs 138.50 with a gain of 8.41 per cent as of June 7, 2021.