BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Kotak initiates Balkrishna Industries with buy rating
Target of Rs 850 per share is based on 12 times FY17 earnings per share estimate. Company has a strong edge in the global market. Expansion in mining and infra to open growth avenues. Expect 23 per cent earnings per share CAGR over FY15-17.