ICICI Direct is bullish on JK Tyres has recommended buy rating on the stock with a target price of Rs 145 in its research report dated February 16, 2017.
ICICI Direct's research report on JK Tyres
Any positive development on part of the government in terms of restricting import of Chinese tyres, going forward, will benefit JKTIL. Thus, we value JKTIL at 4x FY19E EV/EBITDA. We maintain our target price of Rs 145 with a BUY rating on the stock.
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