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Balkrishna Industries Ltd.
Share Price Target & Analysis

NSE:BALKRISIND

2374.87

VWAP

2380.95

Open

2375.8

Close

2410.00

High

2362.10

Low

2795.50

52 Week High

2380.40 ⇧
4.60 (0.19%)

BALKRISIND

(AUTOMOBILE)
44.2% Momentum

Turnaround Potential

2051.10

52 Week Low

62.71

EPS

52.14

PE

6.06

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: BALKRISIND Share Price Financial Analysis & Valuation

Balkrishna Industries Ltd. (BALKRISIND) is broadly categorized in AUTOMOBILE segment industry which deals in Tyres vertical. It is one of Large Cap company with Market Capitalization of Rs 43519.4 (in Cr). Total number of free float shares are 19.3 (in Lacs). Balkrishna Industries Ltd. is listed on NSE with Exchange ID - INE787D01026 and trading code is NSE:BALKRISIND with short name Balkrishna Ind.

Balkrishna Industries Ltd. is also traded in Future & Options (Derivative segment of NSE).

In the past 1 year, Balkrishna Industries Ltd. has declared an equity dividend of Rs 16 per share. At the current share price of BALKRISIND at Rs 2380.40, this results in a dividend yield of 0.67 %.

As per the Fundamental Analysis of NSE:BALKRISIND, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine BALKRISIND underlying value and future prospects. All of this data is available in BALKRISIND financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:BALKRISIND, it is clearly understood that BALKRISIND is Economical performer in terms of earnings and profit margins with an EPS of 62.71. NSE:BALKRISIND book value per share as of today is 392.57. The current price to book ratio for BALKRISIND as of Apr 29, 2024 is 6.06.

Valuation of the Stock: The current valuation of BALKRISIND stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of BALKRISIND whether to BUY this stock at current valuation. The delivery percentage of BALKRISIND is 55.03% is very crucial parameter which shows that 55.03% investors are anticipating that the price of BALKRISIND share should go up with VWAP at 2374.87.

Now, the main question is whether to BUY or SELL, NSE:BALKRISIND at current valuation.
As per latest Analysis No. #1021:-

⇑ STRONG BUY BALKRISIND if All Greens

⇗ BUY BALKRISIND (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD BALKRISIND (With Stop Loss) if only 1 Green

⇘ SELL BALKRISIND if NO Green Indicator

NSE: BALKRISIND Share Price Today (Apr 29, 2024)

(Balkrishna Industries Ltd. Daily Analysis on the basis of BALKRISIND Intraday Graph & Trend)

Balkrishna Industries Ltd. share price moved Up by 0.19% from its previous close of Rs 2375.8. BALKRISIND stock last traded price is 2380.40. BALKRISIND share price trend is Up with a total of 213718 stocks traded till now. It has touched an intraday high of Rs 2410.00 and an intraday low of Rs 2362.10. The BALKRISIND trading at 2380.40, Up by Rs. 4.60, or 0.19 percent which suggests that most of the Traders are anticipating that the price of BALKRISIND share should go Up.

NSE: BALKRISIND Share Price Tomorrow Prediction

(Balkrishna Industries Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of BALKRISIND)

Balkrishna Industries Ltd. share price moved Up by 0.19%. BALKRISIND share price short term trend is Up. It suggests that BALKRISIND Share Price for Tomorrow remains the same with VWAP at 2374.87 will be treated as stop loss for intraday traders. Balkrishna Industries Ltd. Long term investors can follow the BALKRISIND long term trend as mentiond in future forecast table.

NSE Code

NSE: BALKRISIND

BALKRISIND Share Price Today

 2380.40

BALKRISIND Share Price Target Prediction for 2024 ^

 2150.4 - 2570.2

BALKRISIND Share Price Target Prediction for 2025*^

 2570.2 - 2992.9

BALKRISIND Share Price Target Prediction for 2026*^

 2992.9 - 3202.4

BALKRISIND Share Price Target Prediction for 2027*^

 3363

BALKRISIND Share Price Target Prediction for 2028*^

 3459

BALKRISIND Share Price Target Prediction for 2030*^

 3770
BALKRISIND Current Book Value 2023
390.6

*Balkrishna Industries Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^BALKRISIND share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

BALKRISIND Technical Analysis

Candlestick Pattern: @2387.45

BALKRISIND Moving Averages

BUY (8) NEUTRAL (0) SELL (6)
MA Simple Action S1 Expo Action E2
MA_5 2414.96 SELL 2396.36 SELL
MA_12 2356.3 BUY 2367.42 BUY
MA_20 2328.88 BUY 2350.52 BUY
MA_32 2305.92 BUY 2344.86 BUY
MA_50 2317.67 BUY 2358.07 BUY
MA_100 2428.21 SELL 2392.65 SELL
MA_200 2457.28 SELL 2395.31 SELL

BALKRISIND Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 2328.88 Uptrend
MACD 12.6 BUY
ADX 19.71 NO or Weak Trend
DMI (+/-) 20.86 / 17.1 Uptrend

BALKRISIND Momentum Oscillators

BUY (1) NEUTRAL (9) SELL (2)
Momentum Oscillators Value Action
RSI 56.4 Neutral
STOCHASTIC_K (Fast) 40.31 Neutral
STOCHASTIC_D (Slow) 55.79 Neutral
CCI 33.04 Neutral
PSAR 2472.3 SELL
TRUE RANGE 66.9 Neutral
ATR 59.95 Neutral
WILLIAMS R -38.69 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 20.97 Neutral
MOMENTUM 43.05 BUY

BALKRISIND Last 1 Year Trend

Duration Value
1 Year 20.01%
3 Months -9%
1 Month 1.84%
1 Week -0.71%

BALKRISIND Technical Analysis Summary

Updated on 2024-04-15
Action Overall (%)
BUY 40%
NEUTRAL / HOLD 33%
SELL 27%

Most popular Questions & Answers about BALKRISIND


Balkrishna Industries Ltd. stock last traded price is 2380.40. BALKRISIND share price moved Up by 0.19% from its previous close of Rs 2375.8.

Balkrishna Industries Ltd. share price trend is Up with a total of 213718 stocks traded till now. It has touched an intraday high of Rs 2823.455 and an intraday low of Rs 2362.10. The BALKRISIND trading at 2380.40, Up by Rs. 4.60, or 0.19 percent which suggests that most of the Traders are anticipating that the price of BALKRISIND share should go Up and the Stop Loss will be around 2374.87.

The market cap of Balkrishna Industries Ltd. is ₹43519.4 (in Cr) as of Apr 28, 2024.

The current price to earning ratio for Balkrishna Industries Ltd. as of Apr 28, 2024 is 52.14.

The current price to book ratio for Balkrishna Industries Ltd. as of Apr 28, 2024 is 6.06.

The highest price of Balkrishna Industries Ltd. stock is ₹2795.50 in the last 52-week.

The lowest price of Balkrishna Industries Ltd. stock is ₹2051.10 in the last 52-week.

Balkrishna Industries Ltd. share trading at ₹2380.40, Up by Rs. 4.60, or 0.19 percent which suggests that most of the traders are anticipating that the price of BALKRISIND share should go Up.

In 2023, Stock price target for Balkrishna Industries Ltd. (BALKRISIND) are ₹2150.4 on downside and ₹2570.2 on upside. Balkrishna Industries Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Balkrishna Industries Ltd. (BALKRISIND) are ₹2570.2 on downside and ₹2992.9 on upside. Balkrishna Industries Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Balkrishna Industries Ltd. (BALKRISIND) are ₹2992.9 on downside and ₹3202.4 on upside. Balkrishna Industries Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Balkrishna Industries Ltd. (BALKRISIND) will be around ₹3459 Balkrishna Industries Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of BALKRISIND.

As per the fundamental analysis of Balkrishna Industries Ltd. (BALKRISIND), it is of Economical quality in terms of earnings and profit margins with an EPS of 62.71. Balkrishna Industries Ltd. book value per share as of today is 392.57. The current price to book ratio for BALKRISIND as of Apr 29, 2024 is 6.06.


NSE:BALKRISIND News & Other Useful Information about BALKRISIND Share Price


Peer Comparison of NSE: BALKRISIND

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Tyres

Company Price EPS BV
BALKRISIND 2380.40 62.71 392.57
MRF 130922.30 4885.62 34209.8
APOLLOTYRE 504.25 18.87 155.88
CEATLTD 2537.00 164.95 827.09
JKTYRE 413.30 19.63 110.93
GOODYEAR 1273.70 58.62 261.46
TVSSRICHAK 4095.05 130.4 1358.69
PTL 42.50 1.55 30.55
ELGIRUBCO 55.80 0 59.22
MODIRUBBER 103.00 8.81 140.04
Updated at: 29 Apr 2024 09:31

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