Shares of JK Tyre and Industries today gained as much as 14 per cent, its biggest single-day gain in 1-1/2 months.
The company has reported 56 per cent rise in December quarter net profit.
JK Tyre is up 14.5%, the company has reported a 55% jump in net profits for the December quarter, over last year.
— Rajalakshmi Nirmal (@crajalakshmic)
February 10, 2015According to Angel Broking, the operating margins were ahead of its estimates.
Soft raw material prices coupled with operating leverage boosted the margins, it said.