Balkrishna Ind post good numbers. Continue holding in Portfolio.
Last Quarter Balkrishna Ind had posted flat results. We had recommended to buy in dips towards 1475 for a target of 1750. Stock has hit target last week and has given a breakout above 1750.
Results being good, Fair price is now at 1850. I would recommend to continue holding Balkrishna Ind in your large cap portfolio. Stock can move towards 2100-2200 in 6 to 9 months.
Stock is currently above 1750. Target 2100. 6 months. Add on dips towards 1680-1700. SL 1600.
Reference call:
Flat numbers (QvQ) from Balkrishna Industries (CMP 1590). Add to watchlist.
source http://gale.in/balkrishna-ind-post-good-numbers-continue-holding-in-portfolio/
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