ICICI Securities: Balkrishna Industries' Growth Momentum Continues

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Balkrishna Industries Ltd. remains one of our top ideas under our coverage universe.We believe it continues to provide superior risk-reward vis-a-vis peers due to its standout earnings resilience.The latest industry export data continues to remain strong with both segments (agriculture, off-the-road tyres) returning to growth path together for the first time since December 2019.The latest monthly (August 2020) industry export data continues to support V-shaped demand rebound across agri tyres at 42% YoY and off-the-road tyres at 13% YoY.We had mentioned in our previous monthly note continued improvement in data points and higher visibility on growth would remain the key catalyst for the stock..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Securities: Balkrishna Industries' Growth Momentum Continues

ICICI Securities: Balkrishna Industries' Growth Momentum Continues

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