Is it good to buy JK Tyres shares for long term?
As on 3rd Dec 2021 JKTYRE Share Price closed @ 137.15 and we RECOMMEND Buy for LONG-TERM with Stoploss of 131.77 & Sell for SHORT-TERM with Stoploss of 147.13 we also expect STOCK to react on Following IMPORTANT LEVELS.
Is JK TYRE a good share?
The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹91.0b (up 4.3\% from FY 2020). Net income: ₹3.19b (up 112\% from FY 2020). Profit margin: 3.5\% (up from 1.7\% in FY 2020).
Is JK TYRE a multibagger?
The Returns On Capital At JK Tyre & Industries (NSE:JKTYRE) Don’t Inspire Confidence. If you’re looking for a multi-bagger, there’s a few things to keep an eye out for. This shows us that it’s a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns.
Is JK Tyres debt free?
The latest in that line is tyre major JK Tyre which has reduced its net debt by Rs 930 crore in FY21 and “is focusing on prudent capital allocation and tight management of its working capital to ensure accelerated de-leveraging going forward,” said the company in a statement.
Who is the owner of JK Tyre?
Raghupati Singhania is the Chairman & Managing Director of JK Tyre & Industries Ltd. – Pioneers of Radial technology in India and leaders in the Indian Tyre Industry, and the manufacturers of the well known “JK Tyre”, “Vikrant” and “Tornel” brand of Tyres.
Which country made JK Tyres?
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.
How much is Apollo TYRE debt?
What Is Apollo Tyres’s Net Debt? As you can see below, Apollo Tyres had ₹73.6b of debt at March 2021, down from ₹77.8b a year prior. However, because it has a cash reserve of ₹22.3b, its net debt is less, at about ₹51.3b.