JK Tyre hits all-time high; share price more than doubles in 5 months

Till 02:35 pm, a combined 14.7 million equity shares representing 6 per cent of total equity of the company had changed hands on the NSE and BSE.

Shares of JK Tryre & Industries hit an all-time high of Rs 203.95, up 5 per cent on the BSE in Tuesday’s intra-day trade. The stock of tyre maker surpassed its previous high of Rs 197.50, touched on September 16, 2022.

In the past two days, the stock price of JK Tyre has rallied 18 per cent on back of heavy volumes. At 02:35 pm; it traded 3.5 per cent higher at Rs 200.50, as compared to 0.39 per cent gain on the S&P BSE Sensex. A combined 14.7 million equity shares representing 6 per cent of total equity