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Name: Latest research reports of Balkrishna Industries Ltd. authored by KRChoksey and published by - Trendlyne research reports.
Item: Balkrishna Industries Ltd.
Rating: 1
Author: KRChoksey

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Hero MotoCorp Ltd.

24 Aug 2024

4345.30

0.47%

Hero Motors Ltd files preliminary papers with Sebi for Rs 900 cr IPO

Business Standard

Hero Motors Ltd, the auto-components firm of the Hero Motors Company (HMC) Group, on Saturday filed preliminary papers with markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer-For-Sale (OFS) of shares valued at Rs 400 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes Rs 250 crore worth of shares by O P Munjal Holdings, and Rs 75 crore each by Bhagyoday Investments and Hero Cycles. The company may consider a pre-IPO placement of Rs 100 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 202 crore will be used for debt payment, Rs 124 crore for purchase of equipment required for expansion in capacity of the company's facility in Gautam Buddha Nagar, Uttar Pradesh. Hero Motors is India's leading automotive technology company engaged in designing, .

Hero MotoCorp Ltd. has an average target of 5672.40 from 10 brokers.

Maruti Suzuki India Ltd.

23 Aug 2024

12995.00

0.33%

Maruti Suzuki to open 100 Nexa Studios, expand reach to tier-II, III towns

Business Line

Both Nexa and Nexa Studio combined, the company targets to reach a milestone of 650 Nexa sales outlets by end of FY25

Maruti Suzuki India Ltd. is trading above all available SMAs

Bajaj Auto Ltd.

23 Aug 2024

8482.50

1.88%

Bajaj Auto, Sun Pharma among 5 Nifty50 stocks that hit new 52-week highs on Friday

Economic Times

Indian benchmark indices ended flat amid volatility on Friday, with traders awaiting Federal Reserve Chair Jerome Powell's speech for clues on potential U.S. rate cuts. Despite market fluctuations, five Nifty50 stocks reached new 52-week highs.

Bajaj Auto Ltd. is trading below its 150 day SMA of 8803.2

Tata Motors Ltd.

23 Aug 2024

730.70

0.36%

Tata Motors Releases Tax Calculator For DVR Share Swap Ahead Of Record Date

NDTV Profit

Here's everything you need to know about Tata Motor's DVR share swap.

Tata Motors Ltd. is trading above its 100 day SMA of 693.4

TVS Motor Company Ltd.

23 Aug 2024

2841.50

1.85%

TVS Motor's new 'Jupiter' is significant upgrade, says UBS; raises target

Business Standard

UBS believes TVS Motor's New Jupiter is a significant upgrade over the old model and peers

TVS Motor Company Ltd. has gained 35.31% in the last 1 Year

Expect Scooter Segment To Account For Over 40% Of Two-Wheeler Sales: TVS Motor

NDTV Profit | 22 Aug 2024 4 more

Bajaj Auto Ltd.

23 Aug 2024

8482.50

1.88%

Bajaj Auto gets DVA certificate for all 15 electric vehicle models

Business Standard

Most companies still have DVA certificates pending or under review by MHI

Bajaj Auto Ltd. is trading above its 100 day SMA of 8275.3

Balkrishna Industries Ltd.

23 Aug 2024

2709.70

0.40%

Strong operating performance; outlook remains cautious

Sell: Balkrishna Industries Ltd.

Target

KRChoksey

For Q1FY25, BIL reported robust revenue of INR 27,145 Mn (+25.7% YoY, +1.2%QoQ), which outperformed our estimates.
Gross margin for the quarter expanded by 47 bps YoY (-88 bps QoQ) to 52.3%.

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

UNO Minda Ltd.

23 Aug 2024

989.50

-0.54%

Operating performance remains healthy with a positive outlook

Accumulate: UNO Minda Ltd.

Target

KRChoksey

In Q1FY25, UNO Minda reported an operating revenue of INR 38,175 Mn, a growth of 23.4% YoY/ (+0.7% QoQ), largely in line with our estimate (+1.3%).
Q1FY25 EBITDA was INR 4,077 Mn, up 23.5% YoY/ (-14.0% QoQ), missed our estimates, primarily due to higher than estimated other expenses and employee cost.