Anand Rathi 's research report on Balkrishna Industries
Balkrishna’s growth prospects remain strong, led by robust demand in the agricultural sector in both Europe and the US. Also, FY21 would have margin expansion on account of backward-integration benefits from the carbon black plant.
Outlook
Accordingly, we upgrade our rating to a Buy, at a target price of `1,637 (earlier`1,258).
For all recommendations report, click here
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