JK Tyre shares climb 14%

New Delhi: Shares of JK Tyre & Industries on Thursday jumped 14 per cent to reach the 52-week high after the company’s consolidated net profit surged five-fold in the September 2023 quarter. The stock rallied 13.94 per cent to Rs351.05 -- its 52-week high -- on the BSE.

At the NSE, it zoomed 13.98 per cent to reach its 52-week high of Rs351.25. JK Tyre & Industries on Wednesday said its consolidated net profit surged five-fold to Rs249 crore for the September quarter, riding on a robust performance in the domestic market.