NIFTY 22475.85 BANK 48923.55

Balkrishna Industries Ltd.
Share Price Target & Analysis

NSE:BALKRISIND

2439.22

VWAP

2461.30

Open

2460.55

Close

2474.50

High

2423.00

Low

2795.50

52 Week High

2444.55 ⇩
-16.00 (-0.65%)

BALKRISIND

(AUTOMOBILE)
51.8% Momentum

Turnaround Potential

2067.15

52 Week Low

62.71

EPS

53.90

PE

6.23

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 2444.55, this results in a dividend yield of 0.65 %.

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 May 04, 2024 is 6.23.

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 2439.22.

Now, the main question is whether to BUY or SELL, NSE:BALKRISIND at current valuation.
As per latest Analysis No. #1037:-

⇑ 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 (May 04, 2024)

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

Balkrishna Industries Ltd. share price moved Down by -0.65% from its previous close of Rs 2460.55. BALKRISIND stock last traded price is 2444.55. BALKRISIND share price trend is Down with a total of 325984 stocks traded till now. It has touched an intraday high of Rs 2474.50 and an intraday low of Rs 2423.00. The BALKRISIND trading at 2444.55, Down by Rs. -16.00, or -0.65 percent which suggests that most of the Traders are anticipating that the price of BALKRISIND share should go Down.

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 Down by -0.65%. BALKRISIND share price short term trend is Down. It suggests that BALKRISIND Share Price for Tomorrow remains the same with VWAP at 2439.22 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

 2444.55

BALKRISIND Share Price Target Prediction for 2024 ^

 2335.1 - 2809.3

BALKRISIND Share Price Target Prediction for 2025*^

 2809.3 - 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: @2396

BALKRISIND Moving Averages

BUY (12) NEUTRAL (0) SELL (2)
MA Simple Action S1 Expo Action E2
MA_5 2368.08 BUY 2376.72 BUY
MA_12 2375.05 BUY 2366.81 BUY
MA_20 2365.86 BUY 2358.73 BUY
MA_32 2330.75 BUY 2352.17 BUY
MA_50 2316.52 BUY 2359.22 BUY
MA_100 2405.46 SELL 2386.89 BUY
MA_200 2456.28 SELL 2391.98 BUY

BALKRISIND Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 2365.86 Uptrend
MACD 0.45 BUY
ADX 13.72 NO or Weak Trend
DMI (+/-) 20.83 / 17.98 Uptrend

BALKRISIND Momentum Oscillators

BUY (6) NEUTRAL (5) SELL (1)
Momentum Oscillators Value Action
RSI 56.55 Neutral
STOCHASTIC_K (Fast) 84.06 Overbought
STOCHASTIC_D (Slow) 80.4 Overbought
CCI 24.8 Neutral
PSAR 2265.3 BUY
TRUE RANGE 47.9 SELL
ATR 58.64 Neutral
WILLIAMS R -36.86 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 90.42 Overbought
MOMENTUM 129.6 BUY

BALKRISIND Last 1 Year Trend

Duration Value
1 Year 17.44%
3 Months -13.39%
1 Month 5.72%
1 Week 1.21%

BALKRISIND Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 70%
NEUTRAL / HOLD 20%
SELL 10%

Most popular Questions & Answers about BALKRISIND


Balkrishna Industries Ltd. stock last traded price is 2444.55. BALKRISIND share price moved Down by -0.65% from its previous close of Rs 2460.55.

Balkrishna Industries Ltd. share price trend is Down with a total of 325984 stocks traded till now. It has touched an intraday high of Rs 2823.455 and an intraday low of Rs 2423.00. The BALKRISIND trading at 2444.55, Down by Rs. -16.00, or -0.65 percent which suggests that most of the Traders are anticipating that the price of BALKRISIND share should go Down and the Stop Loss will be around 2439.22.

The market cap of Balkrishna Industries Ltd. is ₹43519.4 (in Cr) as of May 03, 2024.

The current price to earning ratio for Balkrishna Industries Ltd. as of May 03, 2024 is 53.90.

The current price to book ratio for Balkrishna Industries Ltd. as of May 03, 2024 is 6.23.

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 ₹2067.15 in the last 52-week.

Balkrishna Industries Ltd. share trading at ₹2444.55, Down by Rs. -16.00, or -0.65 percent which suggests that most of the traders are anticipating that the price of BALKRISIND share should go Down.

In 2023, Stock price target for Balkrishna Industries Ltd. (BALKRISIND) are ₹2335.1 on downside and ₹2809.3 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 ₹2809.3 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 May 04, 2024 is 6.23.


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 2444.55 62.71 392.57
MRF 128560.40 4885.62 34209.8
APOLLOTYRE 503.05 18.87 155.88
CEATLTD 2544.95 164.95 827.09
JKTYRE 417.75 19.63 110.93
GOODYEAR 1273.70 58.62 261.46
TVSSRICHAK 4172.90 130.4 1358.69
PTL 45.85 1.55 30.55
ELGIRUBCO 52.65 0 59.22
MODIRUBBER 99.70 8.81 140.04
Updated at: 03 May 2024 15:53

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