BENGALASM

** Shares of JK Tyre JKIN.NS drop as much as 5% to 297.65 rupees, lowest since Oct. 2023

** Tyre maker reports lower profit for second straight qtr on weak demand from truck and bus customers, margin hit from higher raw material costs

** Trading volume on the day is heaviest in nearly two months, with volumes 4.3x the 30-day avg

** JKIN is rated "buy" on avg by four brokerages, median PT is 490 rupees - LSEG data

** Stock last down 2.6%, taking YTD drop to ~21%; broader Nifty 500 .NIFTY500 has dropped ~2% YTD

(Reporting by Manvi Pant in Bengaluru)

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** Shares of JK Tyre & Industries JKIN.NS drop 2%, their biggest one-day fall since Oct. 25

** Tyre maker's Q2 consol profit falls 44% Y/Y, its first in two years, hurt by weak tyre sales to car, bus and truck makers

** JKIN sees busiest day in over 2 weeks, with over 756,000 shares traded

** Analysts' avg rating on stock is "Buy" vs "Sell" on peer MRF MRF.NS

** Their median PT on JKIN is 525 rupees - LSEG

** Stock down 4.4% YTD vs 7% decline in MRF

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of India's JK Tyre & Industries JKIN.NS drop 4%, set to slide for a fourth consecutive session, if losses hold

** Fall amid broader weakness; Nifty 50 .NSEI sheds ~3% .BO

** Co's consol Q1 rev falls 2%, net profit rises 37%

** Peers CEAT CEAT.NS and MRF MRF.NS decline 5% and 1.8% on the day

** Co, CEAT rated "buy" on an average while MRF rated "sell" - LSEG data

** Day's drop trims stock's YTD gains to 4.2%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of JK Tyre & Industries JKIN.NS rise 5.7% to 427.6 rupees

** Stock on track for best day since Jan 23, if gains hold

** Co's Q4 profit climbed ~56% YoY

** Rivals MRF MRF.NS, CEAT CEAT.NS and Apollo Tyres APLO.NS reported drop in their Q4 profit

** MRF stock down 0.3% on the day, CEAT and APLO up 0.2% and 1.1%, respectively

* LSEG data

(Reporting by Varun Vyas in Bengaluru)

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** Shares of JK Tyre & Industries JKIN.NS are down ~5% at 417 rupees, hitting their lowest level since Jan. 18, 2024

** The tyre manufacturer said it received tax notice of 87.8 mln rupees ($1.1 million)

** Separately, co's unit received tax notice of 50.3 mln rupees

** In 2024, stock has marginally outperformed peers

** JKIN up ~5% YTD, vs a ~2 rise in both Ceat CEAT.NS and Apollo Tyres APLO.NS

($1 = 82.9080 Indian rupees)

(Reporting by Nishit Navin)

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** Shares of JK Tyre & Industries Ltd JKIN.NS rise as much as 2.6% to 515.95 rupees

** Emkay Global retains "buy" on co; TP of 700 rupees unchanged

** Management at investor meeting said, co accelerating focus on high-growth, high-margin passenger car radial (PCR) tyres via well-timed capex, largely in the sports utility vehicle tyres segment

** Co expects shift in buying preferences, along with fleet management solutions to act as an incremental growth lever - Emkay

** "Sustained margins and accelerated deleveraging to drive re-rating," says Emkay

** YTD JKIN shares up 28.7%

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of JK Tyre & Industries JKIN.NS up nearly 12% to all-time high

** Co seeks shareholder approval to raise funds of 5 bln rupees ($60 mln) via qualified institutional placement (QIP)

** Trading volume nearly 6x its 30-day moving avg

** Avg rating of four analysts on JKIN at "hold"; median PT is 396 rupees vs current price of 391.25 rupees - LSEG data

** Including session's move, stock more than doubled so far this year

($1 = 83.0229 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of JK Tyre & Industries JKIN.NS rise as much as 14% to record high of 351.3 rupees

** Stock set to rise for a sixth straight session, if gains hold

** Co said its Sept-qtr consol net profit jumped nearly 5 times to 2.42 bln rupees ($29.09 million), rev from ops rose 3.8%

** More than 6.6 mln shares change hands by 9:48 a.m. IST, 2.2x 30-day avg

** JKIN last up 8.9%, extending YTD gains to ~82%

($1 = 83.1840 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of India's JK Tyre JKIN.NS rise as much as 7.7% to 272.30 rupees

** Emkay Global analysts initiated coverage on tyre maker with "buy" and 12 month target price (TP) of 415 rupees, a 44% premium from current price of 286.65 rupees

** Says JKIN has been outperforming peers over past 12 qtrs,

** Better competitive standing, premiumization efforts, cost controls to drive FY26 margins to 14% from 12% in Q1 - brokerage

** Says JKIN's stock price can potentially double over 3 years

** About 2.3 mln shares change hands as of 11:33 a.m. IST, 2x 30-day avg

** YTD JKIN shares up 57%, outperforming 13% gains in Nifty 500 index .NIFTY500

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of JK Tyre & Industries Ltd JKIN.NS rise as much as 6.3% to an all-time high of 281.7 rupees

** Tyre manufacturer says June-qtr profit more than quadrupled y/y to 1.54 bln rupees ($18.60 mln) as total expenses declined ~2%

** Relative strength index (RSI) above 70, indicating stock is overbought

** Trading volume at ~4.3 mln shares as of 1:05 p.m. IST, 1.5x the 30-day avg

** Stock up ~50% so far this year

($1 = 82.7860 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

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** Shares of JK Tyre & Industries JKIN.NS rise as much as 5.1% to all-time high of 218 rupees

** Stock sees largest intraday pct climb since May 5

** Co completes first phase of capacity expansion of its radial tyre manufacturing facility, with an investment of 3.12 bln rupees ($38 mln)

** Says, expansion will increase plant's annual production capacity by 31% to 5.1 mln units per annum

** Adds, second phase of expansion expected to be completed by April 2024 with additional investment of 6.17 bln rupees

** Almost 1.8 mln shares change hands as of 10:07 a.m. IST, 0.9X the 30-day moving average

** Stock up 12.6% YTD as of last close

($1 = 82.0380 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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June 28 (Reuters) - Bengal & Assam Company Ltd BAAC.BO:

• APPROVED SCHEME OF ARRANGEMENT AMONGST UMANG DAIRIES, PANCHMAHAL PROPERTIES AND CO

Source text for Eikon: ID:nBSE9KkLs3

Further company coverage: BAAC.BO

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May 29 (Reuters) - Bengal & Assam Company Ltd BAAC.BO:

• DIVIDEND OF 25 RUPEES PER SHARE

Source text for Eikon: ID:nBSE1Kwzcf

Further company coverage: BAAC.BO

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BENGALURU, May 17 (Reuters) - India's JK Tyre & Industries Ltd JKIN.NS on Wednesday reported a nearly three-fold rise in fourth-quarter profit, as raw material costs fell and domestic demand saw a boost.

The tyre-maker's consolidated net profit rose to 1.08 billion rupees ($13.2 million) in the quarter ended March 31, from 402 million rupees a year earlier, it said in an exchange filing.

The company, which supplies to Maruti Suzuki India Ltd MRTI.NS and Tata Motors Ltd TAMO.NS, posted an almost 10% growth in revenue from operations.

Rubber prices have softened 3% from the December quarter, when the effects of easing prices had already begun reflecting in the company's bottomline.

Its cost of raw materials fell more than 4% to 21.28 billion rupees in fourth quarter, compared with a 21% rise the tyre-maker reported last year.

"We remain optimistic on the tyre industry growth path in the coming year, buoyed by an uptick in economic activities and the big push in infrastructure growth," the company said in a statement.

Indian automakers had recorded higher sales in the March quarter as consumers snapped up passenger and commercial vehicles ahead of price increases on implementation of tighter fuel emission norms.

Rival tyre-makers MRF Ltd MRF.NS, CEAT Ltd CEAT.NS, and Apollo Tyres Ltd APLO.NS all reported between a two- and five-time rise in quarterly profit.

Shares of JK Tyre settled 0.4% higher ahead of its results, taking YTD gains to 8.4%.

($1 = 81.7800 Indian rupees)

(Reporting by Varun Vyas in Bengaluru; Editing by Shweta Agarwal)

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