JK Tyre & Industries Opens Strong with 6.39% Gain Amid Market Activity

Apr 11 2025 01:20 PM IST
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JK Tyre & Industries has experienced notable trading activity, opening with a gain and reaching an intraday high. The stock has outperformed the Sensex recently, showing positive monthly performance. Technical indicators suggest mixed trends, with the stock classified as high beta, indicating larger price fluctuations compared to the market.
JK Tyre & Industries, a midcap player in the Tyres & Allied sector, has shown significant activity today, opening with a gain of 6.39%. The stock reached an intraday high of Rs 289.85, reflecting a performance of 2.99% for the day, which outpaced the Sensex's increase of 2.02%. Over the past month, JK Tyre has also performed well, with a 3.20% rise compared to the Sensex's 1.67%.

In terms of technical indicators, the stock's moving averages are currently higher than the 5-day and 20-day averages but fall below the 50-day, 100-day, and 200-day averages. The MACD indicates a bearish trend on a weekly basis, while the monthly outlook is mildly bearish. The stock is classified as a high beta stock, with an adjusted beta of 1.20, suggesting that it tends to experience larger price fluctuations compared to the broader market.

Overall, JK Tyre & Industries is navigating a complex market landscape, with its performance aligning closely with sector trends, which have seen a gain of 3.09% today.
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