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
Specialising in off-highway tyres, Balkrishna happens to be the third most profitable company in the segment though it ranks fifth in sales
The stock hit a record high of Rs 920, up 3% on the BSE in otherwise weak market in early morning trade.