India's JK Tyre drops after quarterly profit fall

JK Tyre & Industries

21/05/2025 04:56

** Shares of India's JK Tyre & Industries JKIN.NS fall 2.6% to 339 rupees

** Tyremaker posted lower Q4 profit y/y on tepid sales of bus and trucks

** Co, on an avg, rated "buy" vs "buy"-rated peer CEAT CEAT.NS and "sell"-rated MRF MRF.NS

** YTD JKIN down ~10% vs ~19% rise in CEAT and MRF's 7% climb

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))