Earnings Impact: JK Tyre & Industries shares surge 9% on strong operational performance in Q2
Updated : October 22, 2020 11:43 AM IST
The stock rose as much as 8.9 percent to Rs 66 per share on BSE.
The sentiment was also lifted as margins hit a four-year high of 15.6 percent in the quarter under review.
The EBITDA also rose 21 percent YoY to Rs 366.69 crore because of the overall improvement in sales and cost-cutting measures.