Buy Balkrishna Industries Ltd. target Rs 308.0 : Dr CK Narayan

Dr CK Narayan of Chart Advise has buy call on Balkrishna Industries Ltd. with a target price of Rs 308.0 . The current market price of Balkrishna Industries Ltd. is Rs 2162.0 Time period given by analyst is Intra Day when Balkrishna Industries Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 295
Balkrishna Industries Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 20753.08 Crore) operating in Tyres sector.

Balkrishna Industries Ltd. key Products/Revenue Segments include Tyres which contributed Rs 3722.14 Crore to Sales Value (98.25 % of Total Sales), Export Incentives which contributed Rs 57.24 Crore to Sales Value (1.51 % of Total Sales), Scrap which contributed Rs 7.51 Crore to Sales Value (0.19 % of Total Sales) and Other Operating Revenue which contributed Rs 1.41 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2017, the company has reported a Standalone sales of Rs 1114.45 Crore, up 10.04 % from last quarter Sales of Rs 1012.77 Crore and up 22.18 % from last year same quarter Sales of Rs 912.15 Crore Company has reported net profit after tax of Rs 202.98 Crore in latest quarter. The company’s top management includes Mr.Arvind Poddar, Mr.Ashok Saraf, Mr.Dharaprasad Poddar, Mr.Khurshed Doongaji, Mr.Laxmidas Merchant, Mr.Rajiv Poddar, Mr.Sachin Nath Chaturvedi, Mr.Sanjay Asher, Mr.Vipul Shah, Mrs.Vijaylaxmi Poddar. Company has N G Thakrar & Co as its auditoRs As on 30-09-2017, the company has a total of 96,658,595 shares outstanding.