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JK Tyre & Industries Ltd.
Share Price Target & Analysis

NSE:JKTYRE

389.34

VWAP

387.95

Open

384.15

Close

395.45

High

384.30

Low

553.95

52 Week High

389.65 ⇧
5.50 (1.43%)

JKTYRE

(AUTOMOBILE)
56.8% Momentum

Turnaround Potential

173.50

52 Week Low

19.63

EPS

33.13

PE

3.51

PB

Standard
Quality

Silver
Valuation

#Analysis

NSE: JKTYRE Share Price Financial Analysis & Valuation

JK Tyre & Industries Ltd. (JKTYRE) is broadly categorized in AUTOMOBILE segment industry which deals in Tyres vertical. It is one of Mid Cap company with Market Capitalization of Rs 3325.3 (in Cr). Total number of free float shares are 22.7 (in Lacs). JK Tyre & Industries Ltd. is listed on NSE with Exchange ID - INE573A01042 and trading code is NSE:JKTYRE with short name JK Tyre & Ind.

In the past 1 year, JK Tyre & Industries Ltd. has declared an equity dividend of Rs 1.5 per share. At the current share price of JKTYRE at Rs 389.65, this results in a dividend yield of 0.38 %.

As per the Fundamental Analysis of NSE:JKTYRE, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine JKTYRE underlying value and future prospects. All of this data is available in JKTYRE financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:JKTYRE, it is clearly understood that JKTYRE is Standard performer in terms of earnings and profit margins with an EPS of 19.63. NSE:JKTYRE book value per share as of today is 110.93. The current price to book ratio for JKTYRE as of May 15, 2024 is 3.51.

Valuation of the Stock: The current valuation of JKTYRE stock is like Silver which means currently the stock is at Premium. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of JKTYRE whether to BUY this stock at current valuation. The delivery percentage of JKTYRE is 46.64% is very crucial parameter which shows that 46.64% investors are anticipating that the price of JKTYRE share should go up with VWAP at 389.34.

Now, the main question is whether to BUY or SELL, NSE:JKTYRE at current valuation.
As per latest Analysis No. #1910:-

⇑ STRONG BUY JKTYRE if All Greens

⇗ BUY JKTYRE (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD JKTYRE (With Stop Loss) if only 1 Green

⇘ SELL JKTYRE if NO Green Indicator

NSE: JKTYRE Share Price Today (May 15, 2024)

(JK Tyre & Industries Ltd. Daily Analysis on the basis of JKTYRE Intraday Graph & Trend)

JK Tyre & Industries Ltd. share price moved Up by 1.43% from its previous close of Rs 384.15. JKTYRE stock last traded price is 389.65. JKTYRE share price trend is Up with a total of 601477 stocks traded till now. It has touched an intraday high of Rs 395.45 and an intraday low of Rs 384.30. The JKTYRE trading at 389.65, Up by Rs. 5.50, or 1.43 percent which suggests that most of the Traders are anticipating that the price of JKTYRE share should go Up.

NSE: JKTYRE Share Price Tomorrow Prediction

(JK Tyre & Industries Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of JKTYRE)

JK Tyre & Industries Ltd. share price moved Up by 1.43%. JKTYRE share price short term trend is Up. It suggests that JKTYRE Share Price for Tomorrow remains the same with VWAP at 389.34 will be treated as stop loss for intraday traders. JK Tyre & Industries Ltd. Long term investors can follow the JKTYRE long term trend as mentiond in future forecast table.

NSE Code

NSE: JKTYRE

JKTYRE Share Price Today

 389.65

JKTYRE Share Price Target Prediction for 2024 ^

 350.6 - 556.7

JKTYRE Share Price Target Prediction for 2025*^

 556.7 - 593.1

JKTYRE Share Price Target Prediction for 2026*^

 593.1 - 634.6

JKTYRE Share Price Target Prediction for 2027*^

 666

JKTYRE Share Price Target Prediction for 2028*^

 685

JKTYRE Share Price Target Prediction for 2030*^

 747
JKTYRE Current Book Value 2023
110.4

*JK Tyre & Industries Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^JKTYRE share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

JKTYRE Technical Analysis

Candlestick Pattern: @407.45

JKTYRE Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 408.46 SELL 408.93 SELL
MA_12 410.34 SELL 412.12 SELL
MA_20 416.43 SELL 417.47 SELL
MA_32 426.6 SELL 428.07 SELL
MA_50 453.87 SELL 433.59 SELL
MA_100 447.92 SELL 425.76 SELL
MA_200 362.74 BUY 371.07 BUY

JKTYRE Trend Oscillators

BUY (2) NEUTRAL (0) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 416.43 Downtrend
MACD 1.87 BUY
ADX 34.18 Strong Trend
DMI (+/-) 16.83 / 24.32 Downtrend

JKTYRE Momentum Oscillators

BUY (2) NEUTRAL (8) SELL (2)
Momentum Oscillators Value Action
RSI 40.02 Neutral
STOCHASTIC_K (Fast) 31.67 Neutral
STOCHASTIC_D (Slow) 42.17 Neutral
CCI -24.84 Neutral
PSAR 423.85 SELL
TRUE RANGE 10.15 BUY
ATR 13.5 BUY
WILLIAMS R -65.51 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 51.6 Neutral
STOCHASTIC RSI D 72.31 Neutral
MOMENTUM -14.05 SELL

JKTYRE Last 1 Year Trend

Duration Value
1 Year 145.9%
3 Months -13.41%
1 Month -3.33%
1 Week -1.25%

JKTYRE Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 20%
NEUTRAL / HOLD 27%
SELL 53%

Most popular Questions & Answers about JKTYRE


JK Tyre & Industries Ltd. stock last traded price is 389.65. JKTYRE share price moved Up by 1.43% from its previous close of Rs 384.15.

JK Tyre & Industries Ltd. share price trend is Up with a total of 601477 stocks traded till now. It has touched an intraday high of Rs 559.4895 and an intraday low of Rs 384.30. The JKTYRE trading at 389.65, Up by Rs. 5.50, or 1.43 percent which suggests that most of the Traders are anticipating that the price of JKTYRE share should go Up and the Stop Loss will be around 389.34.

The market cap of JK Tyre & Industries Ltd. is ₹3325.3 (in Cr) as of May 14, 2024.

The current price to earning ratio for JK Tyre & Industries Ltd. as of May 14, 2024 is 33.13.

The current price to book ratio for JK Tyre & Industries Ltd. as of May 14, 2024 is 3.51.

The highest price of JK Tyre & Industries Ltd. stock is ₹553.95 in the last 52-week.

The lowest price of JK Tyre & Industries Ltd. stock is ₹173.50 in the last 52-week.

JK Tyre & Industries Ltd. share trading at ₹389.65, Up by Rs. 5.50, or 1.43 percent which suggests that most of the traders are anticipating that the price of JKTYRE share should go Up.

In 2023, Stock price target for JK Tyre & Industries Ltd. (JKTYRE) are ₹350.6 on downside and ₹556.7 on upside. JK Tyre & Industries Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for JK Tyre & Industries Ltd. (JKTYRE) are ₹556.7 on downside and ₹593.1 on upside. JK Tyre & Industries Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for JK Tyre & Industries Ltd. (JKTYRE) are ₹593.1 on downside and ₹634.6 on upside. JK Tyre & Industries Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for JK Tyre & Industries Ltd. (JKTYRE) will be around ₹685 JK Tyre & Industries Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of JKTYRE.

As per the fundamental analysis of JK Tyre & Industries Ltd. (JKTYRE), it is of Standard quality in terms of earnings and profit margins with an EPS of 19.63. JK Tyre & Industries Ltd. book value per share as of today is 110.93. The current price to book ratio for JKTYRE as of May 15, 2024 is 3.51.


NSE:JKTYRE News & Other Useful Information about JKTYRE Share Price


Peer Comparison of NSE: JKTYRE

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Tyres

Company Price EPS BV
BALKRISIND 2507.00 62.71 392.57
MRF 127445.45 4812.26 38764.7
APOLLOTYRE 473.00 18.87 155.88
CEATLTD 2289.30 161.75 976.79
JKTYRE 389.65 19.63 110.93
GOODYEAR 1273.70 58.62 261.46
TVSSRICHAK 4061.55 135.25 1454.83
PTL 42.45 1.55 30.55
ELGIRUBCO 63.85 0 59.22
MODIRUBBER 98.80 8.81 140.04
Updated at: 15 May 2024 15:41

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