JK Tyre Sees Surge in Trading Activity Amid Mixed Sector Performance

JK Tyre & Industries Ltd, a prominent player in the Tyres & Rubber Products industry, has emerged as one of the most active equities today, with a total traded volume of 23,349,665 shares and a total traded value of approximately Rs 88.97 crores. The stock opened at Rs 340.0, reflecting a gap down of 2.31% from the previous close of Rs 347.9. Throughout the trading session, JK Tyre reached a day high of Rs 395.5 and a day low of Rs 335.5, with the last traded price recorded at Rs 390.1.
Despite the notable trading activity, the stock underperformed its sector by 2.15%, with a 1-day return of -2.41%. In contrast, the sector and Sensex reported returns of -0.52% and -0.90%, respectively. However, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the longer term. Additionally, investor participation has surged, with a delivery volume of 287,000 shares, marking a significant increase of 776.41% compared to the 5-day average delivery volume.

Overall, JK Tyre & Industries Ltd continues to show strong liquidity and trading activity, reflecting its position in the mid-cap market with a market capitalization of Rs 10,522.37 crores.