India's JK Tyre hits one-month high after strong March-quarter results

JK Tyre & Industries

27/05/2026 07:41

** Tyre manufacturer JK Tyre & Industries' shares JKIN.NS rise as much as 7.23% to 422.65 rupees, highest level since April 29
** JKIN reports 80% year-on-year jump in March-quarter profit to 1.78 billion rupees ($18.58 million); revenue from operations rises 12.4%
** Also declares a dividend of 4 rupees per share
** Buoyant demand supported by GST and personal tax reforms, softening of interest rates through fiscal 2026, growth in original equipment business aided earnings, says Raghupati Singhania, JK Tyre & Industries' chairman and managing director
** Stock is most active in seven months with a trading volume of 10,032,538 shares as of 12:02 p.m. IST, nine times the 30-day average volume, data compiled by LSEG shows
** JKIN shares are down 17.7% in 2026 so far, according to exchange data 
($1 = 95.7850 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))