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Balkrishna Industries Ltd.
Share Price Target & Analysis

NSE:BALKRISIND

2754.45

VWAP

2730.6

Open

2721.95

Close

2775.9

High

2712.1

Low

3375

52 Week High

2763.60 ⇧
41.65 (1.53%)

BALKRISIND

(AUTOMOBILE)
48.2% Momentum

Turnaround Potential

2193.8

52 Week Low

83.64

EPS

26.69

PE

6.03

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 2763.60, this results in a dividend yield of 0.58 %.

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 83.64. NSE:BALKRISIND book value per share as of today is 458.41. The current price to book ratio for BALKRISIND as of Nov 23, 2024 is 6.03.

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 51.51% is very crucial parameter which shows that 51.51% investors are anticipating that the price of BALKRISIND share should go up with VWAP at 2754.45.

Now, the main question is whether to BUY or SELL, NSE:BALKRISIND at current valuation.
As per latest Analysis No. #1420:-

⇑ 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 (Nov 23, 2024)

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

Balkrishna Industries Ltd. share price moved Up by 1.53% from its previous close of Rs 2721.95. BALKRISIND stock last traded price is 2763.60. BALKRISIND share price trend is Up with a total of 51770 stocks traded till now. It has touched an intraday high of Rs 2775.9 and an intraday low of Rs 2712.1. The BALKRISIND trading at 2763.60, Up by Rs. 41.65, or 1.53 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 1.53%. BALKRISIND share price short term trend is Up. It suggests that BALKRISIND Share Price for Tomorrow remains the same with VWAP at 2754.45 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

 2763.60

BALKRISIND Share Price Target Prediction for 2024 ^

 2300 - 2954.9

BALKRISIND Share Price Target Prediction for 2025*^

 2954.9 - 3613.3

BALKRISIND Share Price Target Prediction for 2026*^

 3613.3 - 3866.2

BALKRISIND Share Price Target Prediction for 2027*^

 4060

BALKRISIND Share Price Target Prediction for 2028*^

 4176

BALKRISIND Share Price Target Prediction for 2030*^

 4551
BALKRISIND Current Book Value 2023
456.1

*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: @2738.7

BALKRISIND Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 2749.05 SELL 2745.12 SELL
MA_12 2810.56 SELL 2804.84 SELL
MA_20 2859.12 SELL 2840.81 SELL
MA_32 2914.91 SELL 2886.75 SELL
MA_50 2960.31 SELL 2916.38 SELL
MA_100 2995.55 SELL 2930.55 SELL
MA_200 2783.99 SELL 2830.26 SELL

BALKRISIND Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 2859.12 Downtrend
MACD -14.38 SELL
ADX 34 Strong Trend
DMI (+/-) 9.7 / 30.64 Downtrend

BALKRISIND Momentum Oscillators

BUY (1) NEUTRAL (7) SELL (4)
Momentum Oscillators Value Action
RSI 38.31 Neutral
STOCHASTIC_K (Fast) 28 Neutral
STOCHASTIC_D (Slow) 14.59 Oversold
CCI -131.2 SELL
PSAR 2835.9 SELL
TRUE RANGE 107.3 Neutral
ATR 81.37 Neutral
WILLIAMS R -71.89 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 85.21 Overbought
STOCHASTIC RSI D 28.4 Neutral
MOMENTUM -288.7 SELL

BALKRISIND Last 1 Year Trend

Duration Value
1 Year 6.46%
3 Months -1.51%
1 Month -9.54%
1 Week -4.46%

BALKRISIND Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 23%
SELL 70%

Most popular Questions & Answers about BALKRISIND


Balkrishna Industries Ltd. stock last traded price is 2763.60. BALKRISIND share price moved Up by 1.53% from its previous close of Rs 2721.95.

Balkrishna Industries Ltd. share price trend is Up with a total of 51770 stocks traded till now. It has touched an intraday high of Rs 3408.75 and an intraday low of Rs 2712.1. The BALKRISIND trading at 2763.60, Up by Rs. 41.65, or 1.53 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 2754.45.

The market cap of Balkrishna Industries Ltd. is ₹43519.4 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Balkrishna Industries Ltd. as of Nov 22, 2024 is 26.69.

The current price to book ratio for Balkrishna Industries Ltd. as of Nov 22, 2024 is 6.03.

The highest price of Balkrishna Industries Ltd. stock is ₹3375 in the last 52-week.

The lowest price of Balkrishna Industries Ltd. stock is ₹2193.8 in the last 52-week.

Balkrishna Industries Ltd. share trading at ₹2763.60, Up by Rs. 41.65, or 1.53 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 ₹2300 on downside and ₹2954.9 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 ₹2954.9 on downside and ₹3613.3 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 ₹3613.3 on downside and ₹3866.2 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 ₹4176 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.

The price of Balkrishna Industries Ltd. (BALKRISIND) shares moved by 1.53%. The short-term trend for BALKRISIND share price is Up. It implies that the share price of BALKRISIND will stay the same tomorrow and that intraday traders should treat VWAP at 2754.45 as a stop loss. Investors with a long-term outlook can track BALKRISIND long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of BALKRISIND stock is 1002.8. Compared to the current market price of 2763.60 INR, the BALKRISIND stock is Overvalued by 63.7%.

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 83.64. Balkrishna Industries Ltd. book value per share as of today is 458.41. The current price to book ratio for BALKRISIND as of Nov 23, 2024 is 6.03.


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 2763.60 83.64 458.41
MRF 124597.00 4493.01 38764.7
APOLLOTYRE 495.00 13.6 164.37
CEATLTD 2844.55 143.75 976.79
JKTYRE 361.20 20.18 142.28
GOODYEAR 1273.70 58.62 261.46
TVSSRICHAK 3582.90 100.99 1454.83
PTL 40.32 2.27 63.69
ELGIRUBCO 99.51 2.51 62.69
MODIRUBBER 127.08 4.09 93.27
Updated at: 22 Nov 2024 15:30

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