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JK Tyre shares zoom over 10%
image for illustrative purpose
New Delhi: Shares of JK Tyre & Industries on Wednesday zoomed over 10 per cent after the company’s consolidated net profit increased 54 per cent for the fourth quarter ended March 31, 2024.
The company’s stock climbed 10.49 per cent to Rs 446.75 on the BSE. At the NSE, it rallied 10.55 per cent to Rs 447.20 apiece. JK Tyre & Industries on Tuesday said its consolidated net profit increased 54 per cent to Rs 172 crore for the fourth quarter ended March 31, 2024, on account of higher sales.
The tyre maker had reported a net profit of Rs 112 crore in the year-ago period. Total income rose to Rs 3,714 crore for the fourth quarter as compared with Rs 3,645 crore in the year-ago period, JK Tyre said in a statement.
