Balkrishna Industries Ltd soars 1.31%\, rises for third straight session

Balkrishna Industries Ltd soars 1.31%, rises for third straight session

Capital Market 

Balkrishna Industries Ltd is quoting at Rs 1382.35, up 1.31% on the day as on 12:54 IST on the NSE. The stock is up 86.73% in last one year as compared to a 3.6% gain in NIFTY and a 12.84% gain in the Nifty Auto index.

Balkrishna Industries Ltd rose for a third straight session today. The stock is quoting at Rs 1382.35, up 1.31% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.84% on the day, quoting at 11312.15. The Sensex is at 38253.26, down 0.94%. Balkrishna Industries Ltd has added around 10.66% in last one month.

Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has added around 8.29% in last one month and is currently quoting at 7941.35, down 0.51% on the day. The volume in the stock stood at 3.58 lakh shares today, compared to the daily average of 8.68 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1386, up 1.39% on the day. Balkrishna Industries Ltd is up 86.73% in last one year as compared to a 3.6% gain in NIFTY and a 12.84% gain in the Nifty Auto index.

The PE of the stock is 29.64 based on TTM earnings ending June 20.

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First Published: Thu, August 20 2020. 13:05 IST