Page 3 - Balkrishna Industries

Weekly stock picks by Religare Broking: Buy Balkrishna Industries, HUL

Balkrishna Industries is currently hovering in a range while holding strong above the support zone of 20 EMA on the daily charts

Auto component exporters may get benefit from US-China trade deal

Another trigger for the rally is the expectation of an improvement in the European auto market

Weekly stock picks by Religare Broking: Buy Balkrishna Industries, HUL

Here are the weekly stock recommendations by Religare Broking

Street positive on prospects of Balkrishna Industries despite headwinds

After guiding for 3-5% volume growth at the beginning of FY20, the company has now revised its guidance to a marginal decline

Balkrishna Industries climbs 6% post Q2 results

The company said the first half of the financial year has been challenging and volume on half yearly basis have seen 12 per cent de-growth from 109,093 MT in H1FY19 to 96,473 MT in H1FY20.

Top stock recommendations by Anand Rathi: Buy Divis Labs, Godfrey Phillips

Stock calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

Balkrishna Industries: Demand worries in Europe to impact margins

The biggest hurdle is the European business, which accounts for half of the overall volumes of the company

Balkrishna Industries skids 10% following Q2 earnings disappointment

The stock slipped 10% to Rs 967 on the BSE after the company's standalone EBITDA margin declined 430 bps at 27.7% in Q2FY19 from 32% in Q2FY18.

Balkrishna Ind falls 8% after board approves capex plan of Rs 17 billion

The stock dipped 8% to Rs 1,261 after the company's board approved capex plan of Rs 17 billion in US and India, which funded via a mix of debt and internal accruals.

Improving outlook leads to re-rating for Balkrishna Industries, stock gains

Capacity expansion expected to improve profitability

Growth prospects help Balkrishna edge past peers

Good global demand, improving margins doubled stock price in 1 year

Balkrishna Industries extends rally post Q2 results; 1:1 bonus issue

The stock hit a record high of Rs 1,974, up 8%, extending its Thursday's 2% gain on the BSE in otherwise subdued market.

Balkrishna Industries poised for more gains

The tyre stocks' rally does not look like it would end any time soon. Falling Chinese imports, weak rubber prices, regulatory action on imports and steady demand have fuelled the rally. One company, which will be a key beneficiary of falling rubber prices, is Balkrishna Industries. The company makes off highway tyres or OHT for specialised segments such as mining, agriculture, construction and all terrain applications. It is expected to gain from higher demand, increasing market share and rising operating profit margins. First, the improving outlook on demand. Analysts believe the slump in OHT market (growth fell each year between CY2011-16) has bottomed out after declining by 33 per cent to $11 billion in CY16 as compared to about $16.3 billion in CY11. Given the increase in commodity prices and higher mining activity, global sales could grow by 6 per cent in CY17. Global OHT leader Michelin believes that mining tyres would grow by 5-10 per cent in CY2017 while agriculture tyres ...

Balkrishna Industries surges over 10% on heavy volumes

The stock surged 13% to Rs 1,225 on the BSE in intra-day trade

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

Balkrishna Industries surges on strong Q2 results

The stock surged 12% to Rs 1,110 after the company posted profit of Rs 243 cr in Q2FY17 against Rs 106 cr in Q2FY16

Off-highway business keeps Balkrishna in fast lane

Specialising in off-highway tyres, Balkrishna happens to be the third most profitable company in the segment though it ranks fifth in sales

Balkrishna Industries hits new high on strong Q1 earnings

The stock hit a record high of Rs 920, up 3% on the BSE in otherwise weak market in early morning trade.