Balkrishna Ind hits our target price. Continue holding for 2000. CMP 1700. SL 1560. Add on dips towards 1620. 6 months.
Our earlier call in April 2017.
Tyre stocks move stronger. Hold tyres with target price intact. Buy on dips.
Balkrishna Tyres has consolidated stronger at 1400. One can buy now for a target of 1650. SL 1250. 3 months.
We are bullish on Balkrishna Ind for long term.