The company's total sales , however, grew to Rs 1,895.62 crore in the fourth quarter ended March 31, 2014 from Rs 1,704.87 crore in the year ago period.
"The decline in commercial vehicle production and a negative growth in passenger cars led to subdued demand for tyres," JK Tyres & Industries Ltd Chairman & Managing Director Raghupati Singhania said
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Meanwhile, the company has recommended payment of dividend of Rs 5/- per Equity Share of Rs 10 each (50%) for the financial year ended March 31, 2014 as against Rs 3.50 per Equity Share (35%) in the previous financial year.
The stock opened at Rs 230, touched a high of Rs 230 and a low of Rs213 on the BSE. Over, 1,017,008 shares were traded on both the stock exchanges so far.