Balkrishna Ind post good numbers. Continue holding in Portfolio.
Last Quarter Balkrishna Ind had posted flat results. We had recommended to buy in dips towards 1475 for a target of 1750. Stock has hit target last week and has given a breakout above 1750.
Results being good, Fair price is now at 1850. I would recommend to continue holding Balkrishna Ind in your large cap portfolio. Stock can move towards 2100-2200 in 6 to 9 months.
Stock is currently above 1750. Target 2100. 6 months. Add on dips towards 1680-1700. SL 1600.