FROM: NSEMUMBAIBULL
SCRIP : JK Tyre & Industries Ltd Target Rs.145/-
Rated : Very Strong BUY 01st April 2008
BSE Code : 530007
NSE Code : JKTYRE
Some Company Informations:
JK Tyre & Industries Ltd. has emerged as the largest 4-wheeler tyre manufacturer and the
largest truck and bus tyre producer in India. It's also the sole manufacturer of radials for the
entire 4-wheeler range and the first and only All Steel Truck/B us Radial Tyre manufacturer in the
country. Across India, JK Tyre is distributed through over 100 company owned offices/stocking
points, which service 4,000 dealers.
JK Tyre is the world's 18th largest tyre manufacturer. With a wide product range, world-class
technology and ever-increasing business alliances, JK Tyre is expanding its global presence.
JK Tyre is the largest exporter of tyres from India, exporting to 60 countries across 6 continents.
JK Tyre enjoys premium brand status in highly competiti ve markets, including USA.JK Tyre is
the first tyre company in the world to receive ISO/TS 16949:2000 Certificate for its entire range
of products (Bias & Radials) and for all its plants in one go. All the units of the Company operate
at high efficiency le vels, some of which are benchmarks in the industry.
JK Tyre & Industries registered a 2.66 times rise in net profit to Rs 217.40 million for the quarter
ended December 2007, compared with Rs 81.70 million for the same quarter, a year ago
Our Valuation : NSEMUMBAIBULL Equity Research Team Strongly recommending to
BUY "JK Tyre & Industries Ltd" @ current market price - target with in 3 weeks is above
Rs.145 /-.
This is 64th stock recommendation from NSEMUMBAIBULL Equity Research team.
All recommended call status available on our website.
"Equity is the best investment for long term".
Happy Trading & Investing,
FROM: NSEMUMBAIBULL
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