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
| Falling Comet

2394.2500 -87.60 (-3.53%)

NSE Apr 04, 2025 10:42 AM

29.06% Fall from 52W High

Volume: 106.3K

Balkrishna Industries Ltd.

20 Jan 2023

2394.25

-3.53%

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