Balkrishna Industries share price rose in early trade ahead of the firm announcing its results for the quarter ended 30th September 2016 later in the day.
The Mumbai-based Tyre manufacturer in an announcement to the Bombay Stock Exchange said Balkrishna Industries Limited would be having a conference call with Investors/Analysts to discuss Q2FY17 financial results. The Conference call is scheduled on Thursday, 1st December, 2016 at 12.00 NOON 1ST.
Balkrishna Industries, the Mumbai-based Tyre manufacturer, is one of the top 500 Sharesidentified by Dynamic research team at the end of every quarter out of 1700 Shares of NSE. Balkrishna Industries has strong fundamentals. Strong Fundamentals mean Balkrishna Industries has not made any losses in last 2 quarters, debt equity is less than 2 (not applicable for NBFC as well as banks) and pledge is less than 25 per cent. These top 500 Shares are safe for investment.
Since morning, a total of 1,89,057 shares of the company have been traded on the counter of NSE aggregating to a total amount of Rs 1,874.73 lacs.
Balkrishna Industries is a tire manufacturing company based in Mumbai, India. The firm manufactures off-highway tires used in specialist segments like mining, earthmoving, agriculture as well as gardening in five factories located in Aurangabad, Bhiwadi, Chopanki, Dombivali as well as Bhuj. In the year 2013, it was ranked 41st among the world’s tire makers.
Balkrishna Industries is currently an OEM vendor for heavy equipment manufacturers like JCB (company), John Deere and CNH Industrial. The company currently enjoys 2 per cent market share of the global off-the-road tyre segment.
Balkrishna Industries share price made an intraday high and intraday low of Rs 1,008.00 and Rs 930.05 respectively. The stock is trading at Rs 994.00, up by 7.40 per cent.
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