Buy Balkrishna Industries, target Rs 1,175: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Balkrishna Industries with a target price of Rs 1,175.

The current market price of Balkrishna Industries is Rs 1,113.15.

Time period given by the analyst is 'Intra Day' when Balkrishna Industries price can reach defined target.

Manas Jaiswal recommended to keep stoploss at Rs 1,085.


Balkrishna Industries, incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 21,519.10 Crore) operating in Tyres sector.

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 31-12-2017, the company has a total of 193,317,190 shares outstanding.