Balkrishna Industries Ltd. News and Updates

Name: Latest research reports of Balkrishna Industries Ltd. authored by KRChoksey and published by - Trendlyne research reports.
Item: Balkrishna Industries Ltd.
Rating: 5
Author: KRChoksey

Keep track of all breaking news on Balkrishna Industries Ltd. from all sources in a single place.

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Balkrishna Industries Ltd.

30 Jan 2024, 12:00AM

2675.10

2.98%

Volumes improve sequentially in Q3, however, to be impacted in the near term

Buy: Balkrishna Industries Ltd.

Recommendation

KRChoksey

For Q3FY24, BIL reported consolidated revenue of INR 22,744 Mn, a growth of 5.0% YoY/ 0.9% QoQ. The underlying standalone volumes for the quarter were at 72,749 MT, reporting a growth of 9.4% YoY/ 3.1% QoQ.

Balkrishna Industrie.. has an average target of 2899.50 from 6 brokers.

Balkrishna Industries Ltd.

29 Jan 2024

2675.10

2.98%

Balkrishna Industries Limited

Sell: Balkrishna Industries Ltd.

Recommendation Target

Keynote Capitals Ltd

Quarterly Update Q3FY24

Balkrishna Industrie.. has an average target of 2899.50 from 6 brokers.

Balkrishna Industries Ltd.

28 Jan 2024

2675.10

2.98%

Balkrishna Industries Q3 Results Review - Near Term Hiccups, Long Term Positive: Dolat Capital

NDTV Profit

Company expects a flat volume growth in Q4 due to geopolitical concerns in the Red sea.

Balkrishna Industries Ltd. is trading below its 150 day SMA of 2741.9

Balkrishna Industries Ltd.

25 Jan 2024

2675.10

2.98%

Balkrishna Industries' Q3 Profit Miss Pulls Shares Down 7%

NDTV Profit

The company's net profit jumped 181.96% year-on-year to Rs 305.46 crore, but missed the Bloomberg estimate of Rs 332.9 crore.

Balkrishna Industrie.. has an average target of 2899.50 from 6 brokers.

Balkrishna Industries Ltd.

25 Jan 2024

2675.10

2.98%

Balkrishna Industries Results Earnings Call for Q3FY24

Conference Call with Balkrishna Industries Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.

audio

Balkrishna Industries Ltd.

22 Nov 2023

2675.10

2.98%

Balkrishna Ind Standalone September 2023 Net Sales at Rs 2,225.84 crore, down 17.69% Y-o-Y

Moneycontrol

Number of FII/FPI investors increased from 542 to 562 in Mar 2025 qtr.

Balkrishna Industries Ltd.

26 Oct 2023

2675.10

2.98%

Performance improvement expected in H2FY24E

Hold: Balkrishna Industries Ltd.

Target

KRChoksey

For Q2FY24, BIL reported consolidated revenue of INR 22,532 Mn, a decline of 15.2% YoY but an improvement of 4.3% QoQ. The underlying volumes for the quarter were at 70,585 MT, reporting a decline of 10.5% YoY but an improvement of 5.0% QoQ. The volumes saw the benefit of postponement of deliveries from Q1FY24 to Q2FY24 due to the disruptive impact of cyclone Biparjoy.

Number of FII/FPI investors increased from 542 to 562 in Mar 2025 qtr.

Balkrishna Industries Ltd.

25 Oct 2023

2675.10

2.98%

Balkrishna Industries shares hit new 52-week high post Q2 numbers; should you buy?

livemint

Balkrishna Industries shares rally to a new high on Q2 performance. Brokerage firm Sharekhan maintains a 'Hold' rating on the stock with a target price of 2,720 apiece, while Kotak Institutional Equities maintains a 'Sell' rating with a target price of 1,900 apiece.

Balkrishna Industries Ltd. is trading below its 150 day SMA of 2741.9

Hold Balkrishna Industries; target of Rs 2720: Sharekhan

Moneycontrol | 25 Oct 2023

Balkrishna Industries Ltd.

24 Oct 2023

2675.10

2.98%

Volume recovery key ahead under current valuation levels

accumulate: Balkrishna Industries Ltd.

ICICI Securities Limited

Balkrishna Industries (BIL)’s Q2FY24 EBITDAM, at 24.4%, was up 170bps QoQ driven by a combination of lower raw material basket (RMB) cost, better product mix and favourable hedge rate. Post-inventory destocking at the dealer level in the last few quarters, inventory is now at normalised levels of 2-3 months, from highs of ~4 months.