Balkrishna Industries Levels & Strategy for near future
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Balkrishna Industries has posted weak results. Also announced a dividend of Rs 4.0 per share on 07/Nov/2022 with record date of 22/Nov/2022. Company sales rose 28.2% (QOQ) BUT NET PROFIT DECLINED BY 2.2% (QOQ). Company's achievable capacity will remain at reduced level amid ongoing global issues.
Balkrishna Industries has not given guidance for future due to ongoing global/European issues. Company's business growth is pretty muc dependent on global economy. Balkrishna Industries exports may get impacted in coming quarters. Retail investors should make use of recent up move to exit higher level/book the profit & stay away till ongoing global issues get sorted.
Balkrishna Industries has posted weak results. Also announced a dividend of Rs 4.0 per share on 07/Nov/2022 with record date of 22/Nov/2022. Company sales rose 28.2% (QOQ) BUT NET PROFIT DECLINED BY 2.2% (QOQ). Company's achievable capacity will remain at reduced level amid ongoing global issues.
Balkrishna Industries has not given guidance for future due to ongoing global/European issues. Company's business growth is pretty muc dependent on global economy. Balkrishna Industries exports may get impacted in coming quarters. Retail investors should make use of recent up move to exit higher level/book the profit & stay away till ongoing global issues get sorted.