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

Balkrishna Industries Ltd.

NSE: BALKRISIND | BSE: 502355 | ISIN: INE787D01026 | Industry: Auto Tyres & Rubber Products
| Mid-range Performer

2675.1000 77.40 (2.98%)

NSE Apr 30, 2025 15:31 PM

52W Low on Apr 07, 2025

Volume: 571.6K

Balkrishna Industries Ltd.

20 Jan 2023

2675.10

2.98%

QoQ volume decline seems limited at ~5-6%

Buy: Balkrishna Industries Ltd.

Target

ICICI Securities Limited

Our analysis suggests ~5-6% QoQ decline in volume for Balkrishna Industries (BIL), implying ~74-75k ton sales in Q3FY23 vs ~79k ton in Q2FY23.

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