India's JK Tyre rises after Emkay says shares undervalued, hikes TP

JK Tyre & Industries

23/12/2025 07:43

** JK Tyre & Industries JKIN.NS rises as much as 6.3% to a more than 21-month high of 522.05 rupees, last up 4.2%

** Emkay Global reiterates "buy" rating, raises TP to 625 rupees, saying the firm is entering a phase of accelerating revenue growth and offers valuation comfort compared to peers.

** Brokerage says co's 50 billion rupees medium-term capex plan enhances multiyear growth visibility and JKIN's strong cash generation would help fund most of the capex

** Notes stock undervalued at current levels

** Stock rated "hold" on avg, median TP at 480 rupees, per data compiled by LSEG

** YTD, JKIN up ~32%

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))