A short build-up was seen in 70 stocks, including Balkrishna Industries, Bajaj Finance, Aditya Birla Fashion & Retail, Bandhan Bank, and L&T Finance Holdings

Trade setup for Tuesday: 15 things to know before opening bell

Based on the OI percentage, 61 stocks saw long unwinding, including Chambal Fertilisers and Chemicals, Alkem Laboratories, Balkrishna Industries, Metropolis Healthcare, and United Spirits

Trade setup for Wednesday: 15 things to know before opening bell

While FY24 is likely to remain weak, we have factored in a healthy 14% YoY growth in tonnage for FY25.

Balkrishna Industries Q2 Results Review - Demand Likely To Take Longer To Revive: HDFC Securities

HDFC Securities recommended reduce rating on Balkrishna Industries with a target price of Rs 2148 in its research report dated August 07, 2023.

Reduce Balkrishna Industries; target of Rs 2148 : HDFC Securities

Sharekhan recommended Hold rating on Balkrishna Industries with a target price of Rs 2446 in its research report dated August 05, 2023.

Hold Balkrishna Industries; target of Rs 2446: Sharekhan

Results Review for Britannia Industries, Godrej Consumers, Balkrishna Industries

ICICI Direct is bullish on Balkrishna Industries recommended buy rating on the stock with a target price of Rs 2920 in its research report dated June 12, 2023.

Buy Balkrishna Industries; target of Rs 2920: ICICI Direct

Net Sales are expected to decrease by 0.6 percent Y-o-Y (up 9.1 percent Q-o-Q) to Rs. 2,416.5 crore, according to Nirmal Bang.

Balkrishna Industries Q1 PAT may dip 34.1% YoY to Rs. 260 cr: Nirmal Bang

HDFC Securities recommended reduce rating on Balkrishna Industries with a target price of Rs 2083 in its research report dated July 11, 2023.

Reduce Balkrishna Industries; target of Rs 2083: HDFC Securities

BIL’s Bhuj Plant is spread over 470 acres and accounts for nearly 50 percent of the company’s total capacity. The management is of the view that the capacity can be further increased by 100,000-150,000 tons.

Balkrishna Industries sheds 3% on bleak growth outlook by brokerages

ICICI Securities gave an overweight rating to the Balkrishna stock with a raised target price of Rs 2,577.

ICICI Securities recommends ‘Add’ on Balkrishna Industries, raises price target

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Balkrishna Industries Limited is engaged in manufacturing a range of off-highway tires. These tires are mainly meant for agricultural, industrial and construction, earthmover and port, mining and all-terrain vehicles (ATV). 