For the prediction of Balkrishna Industries Share Price Target in 2023, 2025 and also 2030, We should have detailed knowledge of the fundamental and technical of Balkrishna Industries. With the Slogan ” Growing Together “, Balkrishna Industries Limited (BKT) incorporated in 1987 by Mahabir prasad Poddar and started making Off-Highway tyres. For more than 30 years, Balkrishna Industries focused on industrial, construction and agricultural as well as mining , port, earthmoving and gardening applications. BKT also manufactures tubes and carbon black. Balkrishna Industries is leading in the tyre industry and above well known name like MRF and APOLLO TYRES.
After Mahabir prasad Poddar, founder and late chairman of Balkrishna Industries, his son Arvind Poddar joined the company as chairman and managing director. Also, founder’s third generation grandson Rajiv Poddar became joint managing director in the industry. BALKRISIND is the symbol for National Stock Exchange and Bombay Stock Exchange. the Company is present in more than 160 countries all over world and sells its off road tyre. Balkrishna Industries Share Price Target can be predicted with fundamental and technical analysis.
What is Balkrishna Industries do?
Balkrishna Industries is also known as BKT tyres in the market. It is a globally well known brand that provides sustainable and best quality tyres for industrial, construction and agricultural as well as mining, earthmoving and gardening applications all around the world. BKT headquarters in Mumbai, and also 5 production sites in India. It has nearly 6000 employees that work in different units.
- Aurangabad
- Bhiwadi
- Bhuj
- Chopanki
- Dombivali
The combined output of production units is approximate 285,000 MTPA. It owns a mold unit in Dombivli and it also has Carbon Black manufacturing facility for backwards integration. It possesses a capacity of 140,000 TPA which is situated in its tyre facility, Bhuj.
It receives 49% of its sales from Europe and from India 23% and from America 15% and the Rest of World 13%.the Company’s client base includes OEMs like New Holland, John Deere, CLASS, JCB, CAT, Sakai, Goldoni, TEREX, Turk Tractor.
The Company’s tires finds application in tractors, harvesters, irrigators, loaders, cranes, mining, handlers, dumps & telehandelers etc.
Agriculture tyres account for 64% of total sales and off-road tyres 33%.
Balkrishna Industries Future Expansion Plan
The Company has proposed ₹ 1900 crores expansion plan which includes debottlenecking and expansion of its Bhuj plant which would add capacities up to 50,000 MTPA and also setting up another Carbon Black & Captive power plant. BKT also plans for modernization, automation and technology up-gradation of certain existing equipment and installing automated material handling systems to increase efficiency.
If you are new in Stock Market, you have no Demat Account. You can check here Zerodha for best experiences.
Some Important Fundamentals Must Know for Balkrishna Industries Target Price Prediction
At present Market capital of BKT is nearly ₹ 42,750 Cr./ ₹ 427.5 Billion or $5.3 Billion. With the help of fundamental analysis , we predict Balkrishna Industries Share Price Target for future easily.
Stock P/E 30.5
Book Value ₹ 393
Debt ₹ 3173 Cr.
Promoter holding 58.3 %
FIIs 12.96%
DIIs 18.81%
PUBLIC(LIC AND OTHERS) 9.84%
Balkrishna Industries stock’s PE is cheaper than Industry PE that is 30.8 and currently Price to book value 5.63.
Balkrishna Industries Share Price Live Check Here
Best Technical Analysis For Balkrishna Industries Share Price Target 2023, 2025 And 2030
For Balkrishna Industries Share Price Target 2025, We have to know technical detail about the share price. For the long term, weekly time frame is important. After corona-19, a long up move of 290% from low 674 in march 2020 makes a new high in 15 months price reach 2710 in month of September 2021. After making Double Top in October 2021, the stock price retraced exactly 50% of Fibonacci level price 1700. At that level, Balkrishna Industries stock price consolidated for about 7 months. In November 2022, weekly RSI took support at 40 level and crossed 20MA.Also, Positive RSI Diversion makes with Balkrishna Industries’ stock price.
It seems good to take an entry for Swing Trade in Balkrishna Industries with Proper Risk Management Rule of 2% of total Capital. You can check calculator for risk management and position size here. Below, there are details of Balkrishna Industries Share Price Target 2023 and 2025.
For a Swing Trade
Entry Price – 2241
Stop Loss – 1971
Target Price – 2725 for 2023
Target Price – 3705 for 2025
Risk – 270
Reward – 1464 for 2025
Risk to Reward Ratio – 1464/270 = 5.4
Trail SL with 20MA
Balkrishna Industries Share Price Target 2025 is 3705 that is 65% up from the current market price. That is good risk reward trade for any trader.
Balkrishna Industries Share Price Target 2030
With good fundamental and technical, We can predict Balkrishna Industries Share Price Target 2030 easily. 5000 stock price that can be predict with the Fibonacci projection by the previous trend.
Read about FINOLEX SHARE PRICE TARGET
Read about Wipro Share Price Target 2025
For Capital of 10 Lacs Position size calculated with maximum 2 % Risk on Trade
FAQ
Ques.1 – What Balkrishna Industries do?
Ans. – Balkrishna Industries manufactures and sells tyres for industrial, construction and agricultural as well as mining, earthmoving and gardening applications.
Ques.2- What is the future of Balkrishna Industries?
Ans. – With good business model and fundamental, we can predict bright future for the BKT or Balkrishna Industries.
Ques.3 -Is Balkrishna Industries large cap?
Ans. – Yes, Balkrishna Industries large cap stock that listed in NSE and BSE both.
Ques.4-Is it good to buy Balkrishna Industries?
Ans. – Yes, in long time Balkrishna Industries good for investment and good time to enter tyres category in automobile sector. it is MNC that globally present in the industry.
