India's JK Tyre & Industries rises to record high on Q2 profit jump

JK Tyre & Industries

02/11/2023 04:29

** Shares of JK Tyre & Industries  JKIN.NS  rise as much as
14% to record high of 351.3 rupees
    ** Stock set to rise for a sixth straight session, if gains
hold
    ** Co said its Sept-qtr consol net profit jumped nearly 5
times to 2.42 bln rupees ($29.09 million), rev from ops rose
3.8% 
    ** More than 6.6 mln shares change hands by 9:48 a.m. IST,
2.2x 30-day avg
    ** JKIN last up 8.9%, extending YTD gains to ~82%



($1 = 83.1840 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))