Time period given by analyst is Intra Day when Balkrishna Industries Ltd. price can reach defined target.
Balkrishna Industries Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 49327.78 Crore) operating in Tyres sector.
Balkrishna Industries Ltd. key Products/Revenue Segments include Tyres & Tubes, Export Incentives, Scrap and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1885.08 Crore, up 3.88 % from last quarter Total Income of Rs 1814.74 Crore and up 92.61 % from last year same quarter Total Income of Rs 978.70 Crore. Company reported net profit after tax of Rs 330.56 Crore in latest quarter.
Investment Rationale
Range breakout with incremental volume activity suggests a fresh leg of upward momentum
Promoter/FII Holdings
Promoters held 58.3 per cent stake in the company as of June 30, 2021, while FIIs held 15.2 per cent, DIIs 14.1 per cent and public and other 12.4 per cent.
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