Net revenue of Rs15.52bn grew by 40.2% YoY and was 12% above our estimate. BHUJ, India—Balkrishna Industries Ltd. (BKT) is on the verge of joining an elite group of tire makers capable of producing giant OTR tires with 57-inch or greater rim diameters. Sharekhan is bullish on Balkrishna Industries recommended buy rating on the stock with a target price of Rs 1800 in its research report dated November 06, 2020. Get today's Balkrishna Industries Ltd. stock price and latest BLKI news as well as Balkrishna Industries real-time stock quotes, technical analysis, full financials and more. Margins rose 903 bps YoY to … Shares of Balkrishna Industries advanced 2.88% to Rs 1,452.50 on BSE on Friday, 6 November 2020. Get Balkrishna Industries latest news, breaking news, videos, photos, special reports, trends, top news, opinions on Balkrishna Industries at Business Standard Specializing in the manufacture of tires for agricultural, industrial and OTR vehicles. The stock traded in the range of Rs 1,410.50 to Rs 1,468.20 yesterday. Balkrishna Industries (BIL) reported stellar Q2FY21 results. Balkrishna Industries, which is a holding company of Balkrishna Tires, Balkrishna Paper Mills and Balkrishna Synthetic, was incorporated on November 20,1961. Volume grew by 35.5% YoY, above our estimate on the back of strong demand for Agri Tyres across geographies. Balkrishna Industries Limited (BKT) is a tyre manufacturing company based in Mumbai, India.Balkrishna Industries manufactures off-highway tires used in specialist segments like mining, earthmoving, agriculture and gardening in five factories located in Aurangabad, Bhiwadi, Chopanki, Dombivali and Bhuj.In 2013, it was ranked 41st among the world’s tire makers. Balkrishna Industries (BKT) posted 2QFY21 adjusted PAT of Rs3.29bn, up by ~18.9% YoY, driven by strong volume growth led margin expansion. Find the latest BALKRISHNA INDUSTRIES LTD. (BALKRISIND.BO) stock quote, history, news and other vital information to help you with your stock trading and investing. BKT Tires is a leading manufacturer in the off-highway tire market. Standalone revenue was at Rs 1,579 crore (up 47% YoY), amid ~36% rise in volumes to 61,224 MT. Anand Rathi is bullish on Balkrishna Industries has recommended buy rating on the stock with a target price of Rs 1686 in its research report dated November 08, 2020. Latest Balkrishna Industries Ltd News and Updates, Special Reports, Videos & Photos of Balkrishna Industries Ltd on The Hindu BusinessLine.
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