JK Tyre & Industries gains on launching sensors to monitor tyre pressure, temperature

JK Tyre & Industries is currently trading at Rs. 55.65, up by 0.15 points or 0.27% from its previous closing of Rs. 55.35 on the BSE.

The scrip opened at Rs. 56.90 and has touched a high and low of Rs. 56.90 and Rs. 54.90 respectively. So far 29238 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 133.50 on 09-Aug-2018 and a 52 week low of Rs. 53.55 on 06-Aug-2019.

Last one week high and low of the scrip stood at Rs. 67.65 and Rs. 53.55 respectively. The current market cap of the company is Rs. 1373.97 crore.

The promoters holding in the company stood at 56.23%, while Institutions and Non-Institutions held 6.68% and 37.10% respectively.

JK Tyre & Industries has launched sensors for monitoring and maintenance of tyres. Treel sensors (from the recently-acquired Treel Mobility Solutions) strengthens the company’s position in the domestic market.

The introduction of Treel sensors is the first such high-tech move towards creating a smart tyre in Indian markets. It provides an enhanced value proposition to vehicle owners, particularly fleets, by reducing their operational costs.

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.

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