JK Tyre and Industries

Is there anything wrong with JK Tyre?
Current fall in due to change in fundamentals or just consolidation?
How does the next year looks for this?

 

ALL Stocks are down. There is a big correction in market. Don't be worried. If you are confident about fundamentals. IMPORTANT ISSUE is that you have to be convinced about FUNDAMENTALS of stock.

 

Thanks Srouta.
I am just an average investor, investing for long term, in learning phase.
I am not good in reading balance sheets , so asked the forum.

 

the tyre industry is looking up thanks to the falling rubber prices, JK Tyre is one of the beneficiaries
if you are convinced of the business, hold on, else sell and buy something else
problems of the cheap Chinese imports is a threat and it is hoped that the Govt. will take some measures to safeguard the domestic industry

 

Just an observation... Most of Marutis top selling variants like Alto, Swift & the recently launched S Cross , Baleno have JK tyres fitted on them!