Mazhar Mohammad of Chartviewindia.in said the near-term trend may remain directionless, as Nifty50 appears to be in a new trading range between 16,350-16,160.
Revenue from operations rose to Rs 2,608 crore in the first quarter from Rs 1,131 crore in the year-ago period, JK Tyre & Industries said in a statement
JK Tyre posts Q1 consolidated net profit of Rs 44 cr freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
JK Tyre s revenue from operations advanced 63 per cent to Rs 2,927.28 crore.
Shares of the country s leading tyre maker JK Tyre and Industries rose as much as 6.2 per cent to hit an intraday high of Rs 131 on the BSE a day after it reported March quarter earnings. JK Tyre reported net profit of Rs 189 crore against loss of Rs 107.80 crore in the corresponding period a year ago. Its revenue from operations advanced 63 per cent to Rs 2,927.28 crore compared with Rs 1,792.56 crore in the same quarter last year.
The business in the March quarter of last year was impacted adversely due to the strict lockdown imposed by the government to curb the spread of Covid-19, JK Tyre said.