May 21
Driven by robust Q& results, Balkrishna Industries' stock surged 9 percentto¥3,051.9 on Tuesday. Anand Rathi Research says the off-highway tiremaker's adjusted Ebitda grew 41 per ‘ centY-o0-Yto%699 crore, beating its estimate of 570 crore; PAT was up 88 per cent. The brokerage expects a strong CAGR of 13 per centin volume and 31 per cent in earnings during FY24-26, driven by better market-end and market-share gains.
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