JK TYRE & IND Plunges by 5%; BSE 500 Index Down 3.7%
March 9, 2020 09:55 AM

JK TYRE & IND share price has plunged 5% and is presently trading at Rs 64.

Meanwhile, the BSE 500 Index is at 14,159 (down 3.7%).

Among the top losers in the BSE 500 Index today are JK TYRE & IND (down 5.0%) and SCHAEFFLER INDIA LTD (down 5.5%).

YES BANK (up 13.0%) and HPCL (up 10.0%) are among the top gainers today.

Over the last one year, JK TYRE & IND has moved down from Rs 93 to Rs 64, registering a loss of Rs 29 (down 31.5%)..

The BSE 500 has moved down from 14,618 to 14,159, loss of 459 points (down 3.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 288.0%), NAVIN FLUORINE (up 121.7%) and GUJARAT GAS (up 113.5%).

What About the Benchmark Indices?

The BSE Sensex is at 36,950 (down 4.0%). The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 0.1%). The most traded stocks in the BSE Sensex are ASIAN PAINTS.

In the meantime, NSE Nifty is at 10,752 (down 3.7%). YES BANK (up 12.4%) and BPCL (up 7.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,636 to 36,950, registering a gain of 314 points (up -1.6%).

JK TYRE & IND Financial Update...

JK TYRE & IND net profit stood at Rs 2 billion for the quarter ended September 2019, compared to a profit of Rs 247 million a year ago. Net Sales declined 21.1% to Rs 21.6 billion during the period as against Rs 27.3 billion in July-September 2018.

For the year ended March 2018, JK TYRE & IND reported 76.1% decrease in net profit to Rs 743.0 million compared to net profit of Rs 3.1 billion during FY17.

Revenue of the company grew 1.0% to Rs 84 billion during FY18.

The current Price to earnings ratio of JK TYRE & IND, based on rolling 12 month earnings, stands at 5.5x.