Page 3 - Balkrishna Industries

Balkrishna Industries poised for more gains

The tyre stocks' rally does not look like it would end any time soon. Falling Chinese imports, weak rubber prices, regulatory action on imports and steady demand have fuelled the rally. One company, which will be a key beneficiary of falling rubber prices, is Balkrishna Industries. The company makes off highway tyres or OHT for specialised segments such as mining, agriculture, construction and all terrain applications. It is expected to gain from higher demand, increasing market share and rising operating profit margins. First, the improving outlook on demand. Analysts believe the slump in OHT market (growth fell each year between CY2011-16) has bottomed out after declining by 33 per cent to $11 billion in CY16 as compared to about $16.3 billion in CY11. Given the increase in commodity prices and higher mining activity, global sales could grow by 6 per cent in CY17. Global OHT leader Michelin believes that mining tyres would grow by 5-10 per cent in CY2017 while agriculture tyres ...

Balkrishna Industries surges over 10% on heavy volumes

The stock surged 13% to Rs 1,225 on the BSE in intra-day trade

Balkrishna Industries hits record high

The stock hit high of Rs 1,286 on the NSE, rallied 39% in past three trading sessions from Rs 926 on Tuesday

Balkrishna Industries surges on strong Q2 results

The stock surged 12% to Rs 1,110 after the company posted profit of Rs 243 cr in Q2FY17 against Rs 106 cr in Q2FY16

Off-highway business keeps Balkrishna in fast lane

Specialising in off-highway tyres, Balkrishna happens to be the third most profitable company in the segment though it ranks fifth in sales

Balkrishna Industries hits new high on strong Q1 earnings

The stock hit a record high of Rs 920, up 3% on the BSE in otherwise weak market in early morning trade.