/ JK Tyre Seeks Members' Nod For Issue Of Securities For Up To Rs 1,000 Crore Stocks Up ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 4 January 2017


The Board of JK Tyre and Industries Ltd has sought the approval of its members to approve raising of funds of up to Rs 1,000 crore by issue of securities. Voting would be held between January 6-February 4 regarding the same, according to an official release.

JK Tyre & Industries Ltd is currently trading at Rs 117, up by Rs 0.35 or 0.3% from its previous closing of Rs 116.65 on the BSE. The scrip opened at Rs 116.5 and has touched a high and low of Rs 117.75 and Rs 115.1 respectively. So far 500882(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2645.78 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 161.5 on 06-Oct-2016 and a 52 week low of Rs 74.05 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 117.9 and Rs 110.35 respectively.

The promoters holding in the company stood at 52.34 % while Institutions and Non-Institutions held 13.96 % and 33.7 % respectively. The stock is currently trading below its 100 DMA.
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