Balkrishna Industries Ltd (BALKRISIND)

Balkrishna Industries Named Top Pick for Long-Term Investment - 25 Sep, 2023

Balkrishna Industries Ltd has been named a top pick for long-term investment in the auto ancillary sector due to its strong financial performance and prudent capital allocation decisions.

Balkrishna Industries' Net Debt Increases to Rs 25.0b - 20 Sep, 2023

Balkrishna Industries' net debt has increased to about Rs 25.0b due to an increase in debt over the past year, while its EBITDA is only 1.4 times its net debt. However, its EBIT covers interest expenses by 94.5 times.

Balkrishna Industries Stock Shows Positive Bias - 18 Sep, 2023

The stock price of Balkrishna Industries has broken out above a triangular consolidation, signaling a positive bias. The daily 14 periods RSI has generated a buy signal, supporting the positive outlook. Analysts expect the stock to head towards Rs 2,850 levels in the coming weeks.

Balkrishna Industries Ltd shares rise 1% along with Mahindra & Mahindra and Ashok Leyland - 15 Sep, 2023

Shares of Balkrishna Industries, Mahindra & Mahindra, and Ashok Leyland rose by 1%.

Balkrishna Industries Ltd declines 2% along with other auto stocks - 12 Sep, 2023

Balkrishna Industries Ltd, along with Tata Motors, Bosch, and Eicher Motors, declined around 2% each.

Auto Ancillary Stocks Rise, Balkrishna Industries Up - 11 Sep, 2023

Balkrishna Industries Ltd's stock rose between 0.3% and 1.9%, along with other auto ancillary companies like Bharat Forge, Bosch, MRF, Samvardhana Motherson, and Sona BLW Precision.

IIFL Securities Sets Target Price for Balkrishna Industries Ltd - 08 Sep, 2023

IIFL Securities has set a target price of Rs 2,600 for Balkrishna Industries Ltd, indicating an upside of over 8% from the current market price. The firm expects BIL's margins to improve as volumes and mix recover.

Balkrishna Industries Reports Strong Sales and Production Capacity Growth - 21 Aug, 2023

Balkrishna Industries Ltd reported strong sales growth in FY23 and doubled its carbon black production capacity. The stock gained 13% on the market.

Sukhani Recommends Positional Buy on Balkrishna Industries - 16 Aug, 2023

Technical analyst Sudarshan Sukhani recommends a positional buy on Balkrishna Industries with a stop loss under Rs 2,300. Shares have declined over 2% in the past month.

Fund Managers Buy into Balkrishna Industries Ltd - 14 Aug, 2023

Fund managers used a bottom-up approach to buy into two-wheelers and auto ancillaries. They bought into companies like Balkrishna Industries, where valuations provide a margin of safety.

Balkrishna Industries Announces Interim Dividend - 11 Aug, 2023

Balkrishna Industries Ltd has announced an interim dividend of Rs 4 per equity share with a face value of Rs 2. The record date is set for August 12.

Balkrishna Industries Reports Weak Q1 Results - 07 Aug, 2023

Balkrishna Industries Ltd's Q1FY24 net profit slipped 2.3% YoY to Rs 312.28 crore, while total income declined 19.1% to Rs 2,223.70 crore. The stock is recommended as a sell by analysts.

Balkrishna Industries Reports Q1 Results - 05 Aug, 2023

Balkrishna Industries Ltd reported Q1 revenue of INR 22,651.1 million and net income of INR 3,318.8 million. The company also reported total income of Rs. 2265.11 crores for the period ended June 30, 2023.

Balkrishna Industries Hits 52-Week High - 01 Aug, 2023

Balkrishna Industries Ltd's shares surge to a 52-week high of Rs 2,568.55 and an analyst recommends a buy call with a target of Rs 2,630.

Balkrishna Industries Stock Crosses 20-Day SMA - 27 Jul, 2023

Balkrishna Industries Ltd's stock crossed the 20-day Simple Moving Average (SMA) at Rs 2393.92 and closed at Rs 2502.35 on July 26, indicating an upswing for the leading off-highway tyre manufacturer catering to agricultural, industrial, and construction sectors globally.

Balkrishna Industries Shows Positive Momentum - 19 Jul, 2023

Balkrishna Industries breaches 'Symmetrical Triangular' pattern, exhibiting higher high-low formation on daily chart and holding above reference line on weekly strength indicator RSI, indicating positive momentum.

Balkrishna Industries Aims to Increase Off-Highway Tyres Sales Mix - 11 Jul, 2023

Balkrishna Industries Ltd plans to increase its off-highway tyre sales mix to 50% in the next 3-4 years and double its global OHT market share to 10% by FY27-28. The company has also reported Q4 FY23 consolidated total income of Rs 2,374.02 crore.

Balkrishna Industries Faces Headwinds; Announces Dividend - 10 Jul, 2023

Balkrishna Industries Ltd's shares declined over 4% as brokerage firms predict near-term headwinds and channel de-stocking. The company announced a dividend of Rs 4 per equity share with a face value of Rs 2.

Balkrishna Industries Stock Breaks Out From Descending Triangle Pattern - 28 Jun, 2023

Balkrishna Industries Ltd's stock has broken out from a descending triangle pattern on the upside, with experts suggesting a potential target of Rs 3,000 in the medium term. The stock is holding well above crucial moving averages and is trading well above most of the crucial short- and long-term moving averages on the daily charts.

Balkrishna Industries Ltd sees increase in H1 FY23 exports and Q4 FY23 income - 21 Jun, 2023

Balkrishna Industries Ltd's off-highway tyre exports rose to ~59% in H1 FY23 due to excess stocking at dealer level. The company reported a consolidated total income of Rs 2374.02 Crore for Q4 FY23, up 7.40% QoQ.