Balkrishna Industries Ltd
BALKRISIND

1,221.20

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Turnover (lac)
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Day's Vol.(shares)

1,219.05

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Buy
Reco. Price
Rs 1161.00
We recommend BUY as we expect revival in demand will lead to ~55% capacity utilization at Bhuj plant. Additionally, better product mix will lead to volume growth of ~12% in FY18E. The stock is currently trading at P/E of 16.4x on FY18E earnings. (Target Price - Rs.1291)
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50 DMA (.)
1,125.41
100 DMA (.)
1,092.57
200 DMA (.)
911.85
Weekly Range (.)
1,145.00
1,240.00
Monthly Range (.)
1,114.20
1,240.00
52 Weeks Range (.)
549.05
1,285.75
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