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Sunday, April 6, 2008

Tyre & Industries Ltd Target Rs.145/-

FROM: NSEMUMBAIBULL

SCRIP : JK Tyre & Industries Ltd Target Rs.145/-

Rated : Very Strong BUY 01st April 2008

BSE Code : 530007

NSE Code : JKTYRE

Some Company Informations:

JK Tyre & Industries Ltd. has emerged as the largest 4-wheeler tyre manufacturer and the

largest truck and bus tyre producer in India. It's also the sole manufacturer of radials for the

entire 4-wheeler range and the first and only All Steel Truck/B us Radial Tyre manufacturer in the

country. Across India, JK Tyre is distributed through over 100 company owned offices/stocking

points, which service 4,000 dealers.

JK Tyre is the world's 18th largest tyre manufacturer. With a wide product range, world-class

technology and ever-increasing business alliances, JK Tyre is expanding its global presence.

JK Tyre is the largest exporter of tyres from India, exporting to 60 countries across 6 continents.

JK Tyre enjoys premium brand status in highly competiti ve markets, including USA.JK Tyre is

the first tyre company in the world to receive ISO/TS 16949:2000 Certificate for its entire range

of products (Bias & Radials) and for all its plants in one go. All the units of the Company operate

at high efficiency le vels, some of which are benchmarks in the industry.

JK Tyre & Industries registered a 2.66 times rise in net profit to Rs 217.40 million for the quarter

ended December 2007, compared with Rs 81.70 million for the same quarter, a year ago

Our Valuation : NSEMUMBAIBULL Equity Research Team Strongly recommending to

BUY "JK Tyre & Industries Ltd" @ current market price - target with in 3 weeks is above

Rs.145 /-.

This is 64th stock recommendation from NSEMUMBAIBULL Equity Research team.

All recommended call status available on our website.

"Equity is the best investment for long term".

Happy Trading & Investing,

FROM: NSEMUMBAIBULL

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