JK Tyre & Industries Ltd Share Price

CEAT Shares Under Pressure After Q1 Profit Drops 96%, Investors Focus On Margins 🚗🛞

CEAT remained in focus after its Q1 FY27 results disappointed the market. The company reported a 96% year-on-year decline in consolidated net profit to ₹4 crore, leading to a sharp fall in its share price. The weak performance was attributed to pressure on profitability despite continued demand in the tyre industry, prompting investors to reassess the company’s near-term earnings outlook. The results highlight the importance of monitoring not only revenue but also operating margins and input costs. Investors will now watch management commentary on raw material prices, demand trends, and cost-control measures to evaluate whether profitability can recover in the coming quarters. The development also puts the broader tyre sector under the spotlight.

JK Tyre – Technical Outlook

JK Tyre is showing early signs of stabilization after witnessing a sharp correction from the ₹600 zone. On the daily chart, the stock has formed a base around ₹370–390 and has recently managed to move above its 20 EMA, indicating improving short-term momentum. However, the overall medium-term trend remains cautious as the price is still trading below the 50 DMA, 100 DMA, and 200 DMA, which are clustered in the ₹420–438 zone. This region is expected to act as a strong supply area and will be crucial for determining the next directional move. A sustained breakout above ₹420–422 with strong volumes could confirm a trend reversal and attract fresh buying interest. Such a move may open the path towards ₹435 initially, followed by ₹455 and ₹475 in the coming weeks. On the downside, immediate support is placed near ₹395, while stronger support exists around ₹375. A breach below ₹375 could weaken the technical structure and lead to renewed selling pressure. Overall, the stock appears to be in a recovery phase rather than a confirmed uptrend. Traders may consider initiating fresh long positions only after a decisive breakout above ₹420–422, while existing investors can continue to hold with a strict stop-loss at ₹395. Until the stock clears the long-term moving average resistance zone, it is advisable to remain selective and avoid aggressive buying at current levels. Buy Above: ₹420–422 Targets: ₹435 | ₹455 | ₹475 Stop Loss: ₹395

Daily Index View : BANKNIFTY as on 30/06/2026

1. Market Trend PROBABILITY 🚨 Current Market Trend: Positive 🚀 -5% 🔍 Key Level to Watch: 58004 🔄 Current Market Surface: The trend will stay Positive until the market stay above 58004 That’s 277 points away from the last day Closing Price of 57727 ATR 794 2. Demand & Supply PROBABILITY Force is Demand & Supply is High -15% Last 3 days market has been flatish on downside compared to ATR, so supply has very strong firepower — it just needs sentiment support 29 Jun 2026 FII Cash-net (Buy/sell) DII Cash- net (BUY/SELL) -1,350 +2,801.45 3. Reflexivity PROBABILITY First Half is Supportive to Bearish Momentum for at least first half -10% Last day market fell Intraday more than the 8-day average ATR, so downside momentum should remain intact in the first half 4. Social Proof (Global) PROBABILITY Dow Jones (Last day close) 48185 Up/Donw by 188 7% Dow jones future (live) 52,629 Up/Donw by +57.0 Hang seng (Live) 23027 Up/Donw by -146 Nikki 225 (Live) 70062 Up/Donw by 594 Sentiments: Dow Jones Futures is Trading Flat to Positive & HANG SENG Index is trading Flat to Negative Today, global markets are neutral to slightly positive, and the Indian market has no strong directional bias Top stock to watchout

Morning Market Insights:

The index is currently trading in a range bound zones after recent volatility, with price action surpassing again below 24000 mark. Technically, the index is showing signs of consolidation move supported by buying on dips and improving momentum indicators like RSI moving toward neutral levels. On the flip side, 23600-23650 remains immediate support for the index. Bank Nifty have been under strong reversal mode now as broad-based buying was seen in the private sector banking stocks followed by select PSU banking stocks. The overall trend of the index is now good with good buying expected today after the recent moves. The sentiment on the street will remain bullish with support for the index placed around 54200-54500 while 55500 remains resistance for the day. Stocks In News

JK Tyre Plans Massive Expansion as Auto Demand Fuels Growth