As per the bulk deal data on the NSE, Navodya Enterprises purchased 15,46,500 shares, or 0.62% equity, of JK Tyre on Thursday, 14 January 2021, at an average price of Rs 87.27 each.

Shares of JK Tyre have jumped 19.13% in seven days from its previous closing low of Rs 76.30 on 6 January 2021.

JK Tyre & Industries manufactures a wide range of automobile tires, tubes and flaps. The company also operates a chain of tire outlets across the country which sell the company's tires in addition to providing a range of automotive services, including wheel alignment and tire changing.

JK Tyre's consolidated net profit dropped 35.4% to Rs 108.91 crore on 5.6% increase in net sales to Rs 2,274.84 crore in Q2 September 2020 over Q2 September 2019.

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JK Tyre & Industries will hold a meeting of the Board of Directors of the Company on 21 January 2021.

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On Thursday (17 December 2020), Edgefield Securities sold 14,33,759 equity shares (representing 0.58% stake) of JK Tyre via bulk deal on the NSE at average price of Rs 76.52.

On Wednesday (16 December), Edgefield Securities sold 14,65,821 equity shares (representing 0.59% stake) of JK Tyre via bulk deal on the NSE at average price of Rs 77.76.

As of 30 September 2020, Edgefield Securities holds 4.24% stake in JK Tyre & Industries.

Shares of JK Tyre have lost 11.14% in five trading days from its previous closing high of Rs 82.60 posted on 11 December 2020.

JK Tyre & Industries manufactures a wide range of automobile tires, tubes and flaps. The company also operates a chain of tire outlets across the country which sell the company's tires in addition to providing a range of automotive services, including wheel alignment and tire changing.

JK Tyre's consolidated net profit dropped 35.4% to Rs 108.91 crore on 5.6% increase in net sales to Rs 2,274.84 crore in Q2 September 2020 over Q2 September 2019.

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The tyre maker said it will provide its UX Royale 215/60 R17 radial tyre to Kia Seltos.

Commenting on the partnership, V K Misra, technical director, JK Tyre and Industries said, “Through this collaboration, we endeavour to provide the highest quality tyres with innovative features to complement the drive experience for the customer. We are keenly optimistic that this association will further strengthen our market presence and we look forward to a continued and reinforced partnership with Kia Motors.”

JK Tyre's consolidated net profit dropped 35.4% to Rs 108.91 crore on 5.6% increase in net sales to Rs 2,274.84 crore in Q2 September 2020 over Q2 September 2019.

JK Tyre & Industries manufactures a wide range of automobile tires, tubes and flaps. The company also operates a chain of tire outlets across the country which sell the company's tires in addition to providing a range of automotive services, including wheel alignment and tire changing.

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