JK Tyre is jumping after forming a base
JK Tyre & Industries Ltd. manufactures tyres, tubes and flaps. JK Tyre & Industries Ltd is one of the leading automotive tyre manufacturers in India. The company mainly develops, manufactures, markets and distributes automotive tyres, tubes, flaps and retreads. It markets tyres for sale to vehicle manufacturers for fitment as original equipment and for sale in replacement markets. The company has manufacturing plants located in India and Mexico with worldwide distribution.
JK Tyre & Industries Ltd CMP is 429.75. The positive aspects of the company are Company reducing Debt, Company with Zero Promoter Pledge, Annual Net Profits improving and Improving Cash Flow from operation. The Negative aspects of the company are MFs decreased their shareholding last quarter, Companies not able to generate net cash and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 434. Targets in the stock will be 446, 471, 486 and 500. The long-term target in the stock will be 515, 534 and 554. Stop loss in the stock should be maintained at Closing below 382 or 359 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
JK Tyre & Industries Ltd CMP is 429.75. The positive aspects of the company are Company reducing Debt, Company with Zero Promoter Pledge, Annual Net Profits improving and Improving Cash Flow from operation. The Negative aspects of the company are MFs decreased their shareholding last quarter, Companies not able to generate net cash and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 434. Targets in the stock will be 446, 471, 486 and 500. The long-term target in the stock will be 515, 534 and 554. Stop loss in the stock should be maintained at Closing below 382 or 359 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Happy Candles Investment
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