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Buy Balkrishna Industries, target price Rs 930: Kunal Bothra

Buy Balkrishna Industries Ltd. at a price target of Rs 930.0 and a stoploss at Rs 766 from entry point.

ETMarkets.com|
Updated: Oct 18, 2019, 01.27 PM IST
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Balkrishna Industries Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 15355.18 Crore) operating in Tyres sector.
Kunal Bothra of Independent Analyst has buy call on Balkrishna Industries Ltd. with a target price of Rs 930.0 . The current market price of Balkrishna Industries Ltd. is Rs 815.65 Kunal Bothra recommended to keep stoploss at Rs 766
Balkrishna Industries Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 15355.18 Crore) operating in Tyres sector.

Balkrishna Industries Ltd. key Products/Revenue Segments include Tyres & Tubes which contributed Rs 5068.01 Crore to Sales Value (96.63 % of Total Sales), Export Incentives which contributed Rs 160.27 Crore to Sales Value (3.05 % of Total Sales), Scrap which contributed Rs 13.60 Crore to Sales Value (0.25 % of Total Sales) and Other Operating Revenue which contributed Rs 2.62 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 1198.93 Crore, down -11.59 % from last quarter Sales of Rs 1356.03 Crore and down -11.03 % from last year same quarter Sales of Rs 1347.56 Crore Company has reported net profit after tax of Rs 176.84 Crore in latest quarter. The company’s top management includes Mr.Arvind Poddar, Mr.Pannkaj Ghadiali, Mr.Rajendra Hingwala, Mr.Rajiv Poddar, Mr.Sandeep Junnarkar, Mr.Vipul Shah, Mrs.Vijaylaxmi Poddar, Ms.Shruti Shah. Company has N G Thakrar & Co as its auditoRs As on 30-09-2019, the company has a total of 193,317,190 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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