Balkrishna Industries soars after strong Q2 FY17 results

India Infoline News Service | Mumbai | December 01, 2016 17:06 IST

Balkrishna Industries has posted a net profit of Rs 243 crore for the quarter ended September 30, 2016 as compared to Rs 106 crore for the quarter ended September 30, 2015.

Balkrishna Industries, BKT
Balkrishna Industries Ltd ended at Rs 1189.8, up by Rs 195.8 or 19.7% from its previous closing of Rs 994 on the BSE. The company has posted a net profit of Rs 243 crore for the quarter ended September 30, 2016 as compared to Rs 106 crore for the quarter ended September 30, 2015.

The total income has increased from Rs 815 crore for the quarter ended September 30, 2015 to Rs 1050 crore for the quarter ended September 30, 2016.

The scrip opened at Rs 1099 and touched a high and low of Rs 1192.8 and Rs 1071.55 respectively. A total of 1166926 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 9607.86 crore.

The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 1200 on 05-Oct-2016 and a 52 week low of Rs 551.35 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs 1009.35 and Rs 905 respectively.

The promoters holding in the company stood at 58.3 % while Institutions and Non-Institutions held 32.97 % and 8.74 % respectively.

The stock traded above its 50 DMA.

***Note: This is a NSE Chart

 

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