Chemical stock in which Dolly Khanna acquired fresh stake in Q1 to keep on your radar
Indian Markets Trading Lower Amidst Weak Global Cues, FII & PRO Selling More Than One Lakh Contract In Index Options
Indian markets are trading lower amid weak global cues and FII& PRO selling more than one lakh contracts on Friday in Index options, 11450 may act as Resistance for Nifty. U.S. markets fell sharply on Friday as a raft of weak manufacturing data from the U.S. and Europe fuelled worries about slowing growth and caution set in, ahead of another round of high-level talks between U.S. and China. Asian markets are also trading lower this morning, with benchmark Indexes in Australia, China, Hong Kong, Japan, and South Korea losing 1-3 percent.
VALUE STOCK: JK TYRE
JK Tyre & Industries Ltd. (NS:JKIN) is the flagship company under the umbrella of the JK Organization. JK Tyre and Industries is a mega corporate entity that is emblematic of excellence, diversification and pioneering new technologies. A part of JK Organization which ranks among the top private groups in India, JK Tyre and Industries is committed to self-reliance and follows an ethic that views customer satisfaction as an Index of achievement. JK Tyre is the pioneer for Steel Radial technology in India.
The company has expanded and diversified its business portfolio. It has developed into a multi-product, multi-location corporate entity. The company produces and sells tyres and tubes under the brand name 'JK Tyre' for Truck, Buses, Passenger Cars, Jeeps, Light Commercial Vehicles, Multi Utility Vehicles, and Tractors.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.
Extensive distribution:
JK Tyre is the largest exported tyre brand from India. It enjoys preferred premium brand status in Truck Bias market in the USA and across many markets in Africa, Middle East, and South East Asia.
Market Position:
JK Tyre is the largest manufacturer of truck and bus tyres in India. The truck and bus tyres produced to account for nearly 74% of the total tyre business in India, thus giving JK Tyre an undisputed position. JK Tyre is the only manufacturer of truck/ bus steel radial tyres, and the second largest manufacturer of 4-wheeler tyres in the country. Ranked as the 22nd largest tyre manufacturing company globally.
Technology:
The company has a technical collaboration with Continental AG (DE:CONG), Germany, which is among the top five tyre manufacturers in the world to keep pace with the latest technological developments.
Key Customers:
Ashok Leyland (NS:ASOK), Tata Motors (NS:TAMO), Maruti Suzuki (NS:MRTI), Honda cars ltd, Escort, Force Motors, Volvo, SML Isuzu, Volkswagen (DE:VOWG_p), John Deere India, Jcb, Tafe.
Peers • CEAT • MRF • APOLLO TYRES • TVS SRICHAKRA • BALKRISHNA INDUSTRIES
Competitive edge • 1st Indian tyre company to have verified Carbon Footprint as per IS-14064 • Among the most energy efficient tyre companies in the world (10.2 Gj/Ton) • Diversified Product Portfolio • Extensive and Growing Distribution Network with well-Established brand • 184 New Products Launched for Domestic and International market.
The US 10 Year T-Note is trading at 124.13. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 96.120.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.
Sector Performance as of last week
Sector-wise Small Cap Gainers as on last week: Major Sector
Sector-wise Small Cap Gainers as on last week: Minor Sector
Large Cap Gainers and Losers as on last week
Mid-cap Gainers and Losers as on last week
Index Options
FII+PRO in combined have bought 69073 contracts in Index Options in the current expiry.
Cash Market Data
In the last 10 days, FII has bought shares in cash segment worth Rs. 23013.67 Crore.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.
Which stock to consider in your next trade?
AI computing powers are changing the Indian stock market. Investing.com’s ProPicks AI are winning stock portfolios chosen by our advanced AI for India, the US, and other exciting markets around the globe. Our top strategy, Tech Titans, nearly doubled the S&P 500 in 2024 - one of the most bullish years in history. And Bharat Market Outperformers, designed for broad market exposure, is showing +902% gains with 6 years’ back-tested performance. Which Indian stock will be the next to soar?
Unlock ProPicks AI