Balkrishna Industries share price journey, from daily fluctuations to options analysis and analyst views. Despite positive projections, the stock valuation holds steady at ₹2,510.
Balkrishna Industries’ share price
On the final day of trading, Balkrishna Industries kicked off the day at ₹2713.3 and wrapped up at ₹2712.45. The stock reached its peak at ₹2751.95 and dipped to a low of ₹2495.95. With a market value of ₹48865.27 crore,
the company had a trading volume of 89955 shares on the BSE. Over the past year, the stock hit a high of ₹2783.5 and a low of ₹1912.3.
Balkrishna Industries share price Today
Today, Balkrishna Industries had a low price of ₹2485 and a high price of ₹2558.75.
Balkrishna Industries Trading at ₹2505.35, down -0.89%
As of now, Balkrishna Industries’ stock is priced at ₹2505.35. It took a slight dip with a percentage change of -0.89%, signaling a decrease in value. The actual change amounts to -22.6, meaning the stock price dropped by ₹22.6 recently.
Balkrishna Industries is in the market for 2515.15. If you’re looking to buy, the bid price is a bit higher at 2524.25, while the offer price is 2525.9. There are 300 shares available for both buying and selling. Also, there’s a total of 1905600 shares in open interest for this stock.
Balkrishna Industries share price Stock Peers
In the tire industry, we’ve got some interesting numbers on the table. MRF is revving up at ₹142196.45, making a positive move with a change of 5550.75, a solid 4.06% increase.
Meanwhile, Balkrishna Industries is cruising at ₹2513.2, experiencing a slight dip with a change of -14.75, marking a 0.58% decrease. Apollo Tyres is hitting the road at ₹525.6, showing a positive spin with a change of 8.0, a 1.55% increase.
JK Tyre & Industries is picking up speed at ₹521.3, taking a sharp turn with a change of 21.0, a 4.2% increase. Lastly, CEAT is navigating at ₹2717.55, encountering a bump with a change of -116.75, a -4.12% decrease.
Balkrishna Industries Top Active Option
The hot picks for Balkrishna Industries’ call options as of 29th Jan at 12:22 PM are at the ₹2700.0 and ₹2600.0 strike prices, set to expire on 29th Feb 2024. The prices for these options are ₹40.0 (a 9.09% drop) and ₹70.0 (a 5.79% decrease), respectively.
On the flip side, the top choices for put options at the same time and date are at the ₹2500.0 and ₹2400.0 strike prices, expiring on 29th Feb 2024. These options are priced at ₹72.3 (down by 11.18%) and ₹39.35 (a notable 13.89% decrease).
Balkrishna Industries share price Analyst View
- Strong Buy: 2 analysts suggest a strong buy, and their view has been consistent over the past week, month, and three months.
- Buy: 3 analysts recommend buying the stock, and this sentiment hasn’t changed recently.
- Hold: 5 analysts believe it’s a hold, and this opinion has stayed the same over the last week, month, and three months.
- Sell: 4 analysts advise selling, and this viewpoint has remained constant over various timeframes.
- Strong Sell: 5 analysts strongly recommend selling, and their perspective has been consistent, though there’s a slight shift in the three-month view.
Balkrishna Industries Share Price Analysis
- 1 Week: The stock dipped a bit, down by 1.38% in the last week.
- 3 Months: Over the past three months, there’s been a more substantial decline of 11.7%.
- 6 Months: Looking at a slightly longer span, the stock has made a positive move, up by 2.18%.
- Year-to-Date (YTD): Since the beginning of the year, there’s been a slight decrease of 1.62%.
- 1 Year: Zooming out to the last year, things have been on the upswing with a rise of 12.82%.
Balkrishna Industries NSE
Balkrishna Industries Limited (NSE: BALKRISIND) recently unveiled its third-quarter results, and the market reaction has been mixed. While the company slightly missed analyst revenue estimates at ₹23b, the real disappointment came with statutory earnings, falling 10% below forecasts at ₹15.80 per share.
Balkrishna Industries Analyst Projections for 2025
Looking ahead, analysts are eyeing a brighter future for Balkrishna Industries. The 17 analysts covering the stock are anticipating revenues of ₹107.7b in 2025, showcasing a robust 20% improvement compared to the past 12 months.
Statutory earnings per share are predicted to surge by an impressive 42% to ₹91.62.
Comparing forecasts to both Balkrishna Industries’ past performance and industry peers, analysts anticipate a continued strong performance.
The period leading up to 2025 is expected to see 15% annualized revenue growth, aligning with the company’s 18% growth over the past five years. In contrast, similar industry peers are forecasted to grow at a rate of 12% annually.
Balkrishna Industries share price Target
Despite the positive outlook, there’s been minimal impact on the stock’s valuation. The consensus price target remains at ₹2,510, indicating that the improved earnings per share forecast hasn’t significantly influenced the long-term view.
Analysts’ price targets range from a bullish ₹2,986 per share to a bearish ₹1,899, revealing differing opinions but not extreme optimism or pessimism.
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Balkrishna Industries shares Bottom Line
The analysts’ upgrade in earnings per share estimates suggests increased optimism post-results. While revenue is on track with expectations, the company’s growth projection surpasses industry standards.
Despite this positive trajectory, the consensus price target holds steady, emphasizing the importance of assessing Balkrishna Industries’ long-term earnings power rather than short-term fluctuations.
Analysts are already looking ahead, providing forecasts for the company extending into 2026.
Conclusion:
Balkrishna Industries had a dynamic trading day, opening at ₹2713.3, closing at ₹2712.45, with highs at ₹2751.95 and lows at ₹2495.95. The current price is ₹2505.35, down -0.89%.
Top call options at ₹2700.0 and ₹2600.0 saw drops, while put options at ₹2500.0 and ₹2400.0 decreased. Analysts show a mixed view, and despite a positive future outlook, the stock’s valuation remains stable at ₹2,510.
