Balkrishna Industries Ltd News

Nifty Midcap index dips below 200-DMA; remain on sidelines, analysts advise

The breach of a critical level after a period of nearly 10 months reflects a shift in sentiment. The overall trend remains bearish as the index is making lower top, lower bottom on the technical chart

Weak demand, margin outlook to keep Balkrishna Industries under pressure

Tyre-maker's challenges include excess inventory, muted demand in agriculture sector

Balkrishna Industries tanks over 11% as Q3 profit plunges 68% YoY

Its revenue from operations increased marginally by around 6 per cent to Rs 2,165.57 crore in Q3

Auto shares in focus ahead of January sales; M&M up 2%, nears record high

Analysts remain positive on the auto sector given the expectation of double digit volume growth coupled with benign commodity price outlook leading to healthy margin recovery.

Tyre stocks in demand; TVS, JK Tyre, Apollo, Balkrishna, MRF rally up to 7%

Tyre stocks surged in an otherwise subdued market on expectation of margins improvement amid falling raw material price