JK TYRE & IND Plunges by 9%; BSE 500 Index Down 8.6%
March 23, 2020 09:49 AM

JK TYRE & IND share price has plunged 9% and is presently trading at Rs 42.

Meanwhile, the BSE 500 Index is at 10,631 (down 8.6%).

Among the top losers in the BSE 500 Index today are JK TYRE & IND (down 8.6%) and MRF LTD. (down 5.0%).

THYROCARE TECHNOLOGIES (up 8.5%) and IPCA LABS (up 8.0%) are among the top gainers today.

Over the last one year, JK TYRE & IND has moved down from Rs 92 to Rs 42, registering a loss of Rs 50 (down 54.3%)..

The BSE 500 has moved down from 15,137 to 10,631, loss of 4,506 points (down 29.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 271.3%), ABBOTT INDIA (up 87.5%) and NAVIN FLUORINE (up 65.0%).

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 9.2%).

In the meantime, NSE Nifty is at 8,159 (down 9.0%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.22%).

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 3.6x.