Balkrishna Industries Shares Fall More Than 11% As Q3 Profit Falls 68% YoY
Shares of Balkrishna Industries plunged 11.5% to Rs 2,041 a share in intraday trade on Monday after the tire company’s consolidated net profit for the...
Tag : Balkrishna Industries
Balkrishna Industries Shares Rise on Hopes of Higher Q4 Margins
Shares of tyre maker Balkrishna Industries traded in the green on November 15 despite poor second-quarter results. Investors see the light at the end of...
RIL Among Mutual Fund’s 10 Most Desired Stocks During Earnings Season
Mutual funds ramped up bets on the Mukesh Ambani-led company in October despite an unexpected drop in Reliance Industries (RIL) second-quarter profit. Two other top...
Morgan Stanley Bets on India Growth, Apollo Tyres Soar to 52-Week High
Apollo Tyre, India’s second-largest tyre company by revenue, surged in Tuesday’s trading session after Morgan Stanley began covering the stock with an “overweight” rating. The...
Balkrishna Industries Falls 6% on Disappointing Margin Performance in Q1
On Friday, shares of Balkrishna Industries fell 6% to Rs 2,190 in intraday trading. The stock extended a two-day losing streak after the company reported...
Markets Shrug Off Central Bank Rate Hikes as Rate-Sensitive Stocks Continue to Climb
Shares of car companies and banks were either steady or climbing after the Reserve Bank of India raised the repo rate (the rate the RBI...
Auto Stocks Up 3% After July Sales Data, Index Hits Record High
Led by Mahindra & Mahindra, auto stocks rose again on Aug. 1, helped by strong monthly sales figures. India’s largest utility vehicle manufacturer secured an...