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BALKRISIND Share Price Target
Balkrishna Industries Ltd.
Sector: Tyres
Sector: Tyres
BALKRISIND Share Price *
745.8 -1.95 (-0.26%)
* (quote may be delayed)
BALKRISIND Share Price Forecast - Consensus
| No. of reports in last year | 7 |
| No. of analysts | 7 |
| Average Consensus Forecast | 849.57 |
| Consensus Potential | 8.71% |
BALKRISIND Share Price Target - Broker Reports - 2019
Cholamandalam Securities
30-Aug-19
Price @ Call: 740.29
Target: 698
SELL
BIL has shelved its USD100mn US capex plan due to bleak outlook. Management expects the weak demand scenario and pricing pressure to persist in FY20. However the growth guidance for FY20 has been maintained on account of pent up demand from channel. At CMP, the stock is trading at a valuation of 16.1XFY20E and14.7XFY21E earnings. We arrive at a revised target price of INR 698 valuing the company at 14XFY21E EPS, and maintain a SELL rating on account of weak demand outlook and macro uncertainties in key markets.
Indiabulls Ventures
27-Aug-19
Price @ Call: 753.93
Target: 870
BUY
Edelweiss
22-May-19
Price @ Call: 775.99
Target: 658
REDUCE
Outlook and valuation: On weak wicket; downgrade to ‘REDUCE’ Due to subdued demand scenario over the medium term and high capex of ~INR28bn over FY19-21, we revise down FY19/20E EPS 15%/14%. We value BKT at 15x Q2FY21E EPS and downgrade our recommendation to ‘REDUCE’ from ‘HOLD’ with revised TP of INR658 (INR797 earlier).
Karvy Stock Broking
13-Feb-19
Price @ Call: 835.15
Target: 905
HOLD
Systematix Shares & Stocks
6-Feb-19
Price @ Call: 796.5
Target: 685
SELL
BALKRISIND Share Price Target - Broker Reports - 2018
Dolat Capital
17-Nov-18
Price @ Call: 955.16
Target: 1106
ACCUMULATE
ICICIdirect.com
12-Nov-18
Price @ Call: 933.75
Target: 1025
HOLD
ICICIdirect.com
5-Sep-18
Price @ Call: 1177
Target: 1250
HOLD
ICICIdirect.com
14-Aug-18
Price @ Call: 1307.23
Target: 1430
BUY
Dolat Capital
13-Jul-18
Price @ Call: 1183.85
Target: 1256
ACCUMULATE
Cholamandalam Securities
22-May-18
Price @ Call: 1127
Target: 1327
BUY
Edelweiss
21-May-18
Price @ Call: 1172.25
Target: 1313
BUY
Cholamandalam Securities
19-Feb-18
Price @ Call: 1127.27
Target: 1314
BUY
Edelweiss
16-Feb-18
Price @ Call: 1152
Target: 1327
BUY
BALKRISIND Share Price Target - Broker Reports - 2017
Nirmal Bang
10-Nov-17
Price @ Call: 1922.01
Target: 2192
BUY
IIFL
1-Sep-17
Price @ Call: 1568.95
Target: 1800
BUY
KRChoksey
3-Aug-17
Price @ Call: 800.5
Target: 916
BUY
Axis Direct
2-Aug-17
Price @ Call: 811.5
Target: 890.5
BUY
HDFC Securities
1-Aug-17
Price @ Call: 813
Target: 827
NEUTRAL
Edelweiss
31-Jul-17
Price @ Call: 1626
Target: 1786
BUY
KRChoksey
6-Jul-17
Price @ Call: 1711.8
Target: 1858
ACCUMULATE
ICICIdirect.com
30-May-17
Price @ Call: 736.5
Target: 835
BUY
KRChoksey
30-May-17
Price @ Call: 736.5
Target: 826
BUY
Edelweiss
30-May-17
Price @ Call: 736.13
Target: 774.5
BUY
Kotak Securities
21-Mar-17
Price @ Call: 1431.05
Target: 1600
BUY
Axis Direct
22-Feb-17
Price @ Call: 583.5
Target: 667
HOLD
ICICIdirect.com
15-Feb-17
Price @ Call: 590
Target: 700
BUY
KRChoksey
14-Feb-17
Price @ Call: 1190
Target: 1441
BUY
Edelweiss
13-Feb-17
Price @ Call: 1170
Target: 1503
BUY
BALKRISIND Share Price Target - Broker Reports - 2016
KRChoksey
2-Dec-16
Price @ Call: 1189
Target: 1216
BUY
ICICIdirect.com
1-Dec-16
Price @ Call: 1191
Target: 1400
BUY
ICICIdirect.com
14-Sep-16
Price @ Call: 884.8
Target: 925
HOLD
Axis Direct
14-Sep-16
Price @ Call: 885
Target: 1019
BUY