BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss maintains buy on Balkrishna Industries
Edelweiss has maintained its 'buy' call on Balkrishna Industries for target price of Rs 1,503. It expects the strong volume momentum to sustain with a 16 per cent volume growth CAGR over FY17-19 driven by better performance in Americas. It adds that overall earnings are still expected to see a 14 per cent CAGR over FY17-19 with return on capital employed expansion of 460 basis points (Over FY17-19) and BKT becoming near debt free.