Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
965.35
Change Change %
10.45 1.09%

Updated:19 Nov, 2018, 15:31 PM IST

BSE
962.85
Change Change %
9.70 1.02%

Updated:19 Nov, 2018, 15:44 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
15-02-2017 Buy 1181.50 1503.00
N/A
Target Hit Long (1Y)
15-02-2018

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.

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