Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Balkrishna Industries is completing a correction and possibly looks the best of the tyre stocks. So, this is a buy with a stoploss of Rs 1570. We should look for target closer to Rs 1700. However, longer term this looks like the best tyre stock."
Balkrishna Industries ended at Rs 1,608.80, up Rs 68.30, or 4.43 percent on the BSE.The share touched its 52-week high Rs 1,621 and 52-week low Rs 677 on 08 June, 2017 and 24 June, 2016, respectively.