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JK Tyre & Industries is currently trading at Rs. 195.30, up by 0.05 points or 0.03% from its previous closing of Rs. 195.25 on the BSE.

The scrip opened at Rs. 197.70 and has touched a high and low of Rs. 199.50 and Rs. 194.15 respectively. So far 104598 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 213.50 on 09-Dec-2022 and a 52 week low of Rs. 99.15 on 22-Jun-2022.

Last one week high and low of the scrip stood at Rs. 199.50 and Rs. 188.50 respectively. The current market cap of the company is Rs. 4815.04 crore.

The promoters holding in the company stood at 56.26%, while Institutions and Non-Institutions held 7.95% and 35.79% respectively.

Credit rating agency -- India Ratings and Research (Ind-Ra) has upgraded JK Tyre & Industries’ long-term issuer rating to low credit risk category 'A+' from 'A'. The ratings agency has also revised the outlook on the company to stable from negative.

As per India Ratings, securities with an 'A' rating are considered to have an adequate degree of safety regarding the timely servicing of financial obligations, and such securities carry low credit risk. The upgrade in ratings reflects JK Tyre's strong operational and financial performance. The upgrade echoes a significant improvement in the company's credit metrics on account of improved profitability and better-working capital management.

The company is focused on premiumisation across different segments, expanding its customer base and introducing newer tyre categories, such as smart tyres, puncture guard tyres, luxury car tyres and EV tyres.  

JK Tyre & Industries is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors.