There are no regulatory/government approval require and the acquisition is expected to be completed within 15 days.
Dolat Capital recommended accumulate rating on JK Tyre and Industries with a target price of Rs 145 in its research report dated July 18, 2018.
MRF jumped 3.47 percent, hitting a record high of Rs 75,612 per scrip on the NSE while Balkrishna Industries zoomed 6.5 percent and was trading at Rs 1151 per share.
Apollo Tyres, Ceat, MRF and JK Tyre and Industries will get astrological support, says Satish Gupta of astrostocktips.
Ashwani Gujral of ashwanigujral.com suggests buying Jaiprakash Associates and JK Tyre and Industries and feels that DHFL can test Rs 585.
According to Satish Gupta of astrostocktips, tyre stocks like Ceat, Apollo Tyres, JK Tyre and Industries and Balkrishna Industries will get astrological support.
Mitessh Thakkar of miteshthakkar.com is of the view that one can buy GAIL India and Kajaria Ceramics and sell HDFC, Reliance Infrastructure and MRF.
Tyre stocks like Ceat, Apollo Tyres, MRF and JK Tyre and Industries will get astrological support, says Satish Gupta of astrostocktips.
Sudarshan Sukhani of s2analytics.com suggests buying Edelweiss Financial Services and Petronet LNG.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Nifty and Sun TV while can avoid JK Tyre.