Balkrishna Industries Ltd. News and Updates

Name: Latest research reports of Balkrishna Industries Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: Balkrishna Industries Ltd.
Rating: 3
Author: Sharekhan

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

Load latest

Balkrishna Industries Ltd.

23 Oct 2023

2648.20

-1.01%

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

Moneycontrol

Balkrishna Industries Ltd. is trading below its 100 day SMA of 2664.0

Balkrishna Industries Ltd.

23 Oct 2023

2648.20

-1.01%

Balkrishna Ind

Hold: Balkrishna Industries Ltd.

Target

Sharekhan

Balkrishna Industries Ltd. is trading above its 50 day SMA of 2557.0

Balkrishna Industries Ltd.

23 Oct 2023

2648.20

-1.01%

Sequential improvement in overall performance

Neutral: Balkrishna Industries Ltd.

Target

Motilal Oswal

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

Balkrishna Industries Ltd.

23 Oct 2023

2648.20

-1.01%

Balkrishna Industries Limited

Neutral: Balkrishna Industries Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q2FY24

Balkrishna Industries Ltd.'s price crossed below 100Day SMA today

Balkrishna Industries Ltd.

19 Oct 2023

2648.20

-1.01%

Balkrishna Industries Share Price Live blog for 19 Oct 2023

livemint

Balkrishna Industries stock price went down today, 19 Oct 2023, by -1.49 %. The stock closed at 2588.7 per share. The stock is currently trading at 2550 per share. Investors should monitor Balkrishna Industries stock price closely in the coming days and weeks to see how it reacts to the news.

Balkrishna Industries Ltd.'s price crossed below 100Day SMA today

Balkrishna Industries Ltd.

19 Oct 2023

2648.20

-1.01%

Favourable base gets initiated; to turn more favourable from CY24

Accumulate: Balkrishna Industries Ltd.

Target

ICICI Securities Limited

Indian OHT exports in Aug’23 improved 4%/1% MoM/YoY and now is back in line with average monthly exports in CY23. Agri segment exports increased 6% MoM to ~USD 90mn as against OTR segment’s exports being at their highest in CY23 at USD 52mn, flat MoM. With export base reducing substantially from Aug’23, YoY, industry has shifted from a declining trajectory to a growing one.

Balkrishna Industries Ltd. is trading above its 50 day SMA of 2557.0

Balkrishna Industries Ltd.

22 Sep 2023

2648.20

-1.01%

Export base to turn favourable from coming months

Accumulate: Balkrishna Industries Ltd.

Target

ICICI Securities Limited

Indian OHT exports improved sequentially by 12% in Jul’23 (in line with average monthly exports in CY23), though were down ~20% YoY. Agri segment exports increased 4% MoM to ~USD 85mn as against OTR segment exports at their highest in CY23 at USD 52mn, up 27% MoM.

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

Balkrishna Industries Ltd.

22 Aug 2023

2648.20

-1.01%

Weakest month of OHT exports since destocking started a year back

Accumulate: Balkrishna Industries Ltd.

ICICI Securities Limited

Weakness in OHT exports from India intensified in Jun’23 and touched their lowest in past 2 years, down 30% YoY to USD 122mn. This was due to continued weak demand, impact of cyclone in Gujarat and deflationary pricing. A week’s production loss from the leader with an average market share of 50%, implies overall exports got hit by ~12.5% -- adjusted for which, it was largely in line with past 6-month average export level.