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Balkrishna Industries hits record high

The stock hit high of Rs 1,286 on the NSE, rallied 39% in past three trading sessions from Rs 926 on Tuesday

SI Reporter  |  Mumbai 

Balkrishna Industries hit a record high of Rs 1,286 on the National Stock Exchange (NSE) in intra-day trade, extending its past two days surge after the company reported a robust set of numbers for the quarter ended September 30, 2016 (Q2FY17). Auto tyres & rubber products maker had posted more than doubled its net profit at Rs 243 crore for the quarter ended September 30, 2016 (Q2FY17). It had a profit of Rs 106 crore in the same period last year. EBITDA (earnings before interest, tax, depreciation and amortization) margin expanded 130 basis points to 32.5% compared to 31.2% ...

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