Balkrishna Industries Ltd stays in demand

Balkrishna Industries Ltd is quoting at Rs 1474.4, up 1.85% on the day as on 12:59 IST on the NSE. The stock is up 89.94% in last one year as compared to a 2.29% slide in NIFTY and a 5.71% slide in the Nifty Auto index.

Sep 29, 2020 01:09 IST capital market

Balkrishna Industries Ltd is up for a third straight session today. The stock is quoting at Rs 1474.4, up 1.85% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.14% on the day, quoting at 11211.9. The Sensex is at 37958.87, down 0.06%. Balkrishna Industries Ltd has gained around 11.54% in last one month.

Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has gained around 1.03% in last one month and is currently quoting at 7902.55, up 0.23% on the day. The volume in the stock stood at 8.72 lakh shares today, compared to the daily average of 8.32 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 1475.2, up 1.28% on the day. Balkrishna Industries Ltd is up 89.94% in last one year as compared to a 2.29% slide in NIFTY and a 5.71% slide in the Nifty Auto index.

The PE of the stock is 31.44 based on TTM earnings ending June 20.

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