Balkrishna Industries Ltd. (BALKRISIND) Share Price Rises 9.92% Today

Balkrishna Industries Ltd. Share Price rises 9.92% to Rs 2287.5, marking a significant gain in the large-cap category.

Balkrishna Industries Ltd. Share Price has experienced a notable increase today, rising by 9.92% to reach Rs 2287.5. This significant gain places the company in the spotlight within the large-cap category, with a market capitalisation of Rs 38,911.85 crore. The stock opened at Rs 2210.15 and reached a high of Rs 2292.8 during the trading session. Despite the impressive rise, the data does not establish a specific company-related catalyst for today's rally. Investors are keenly observing the stock's performance in the context of the broader Automobile & Ancillaries sector.

Balkrishna Industries Ltd. (BALKRISIND) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 2,287.5
Previous Close	Rs 2,081.1
Today's Change	+Rs 206.4 (+9.92%)
Day Open	Rs 2,210.15
Day High	Rs 2,292.8
Day Low	Rs 2,210.15
Current Volume (BSE)	27,723
BSE Traded Volume	27,723
NSE Traded Volume	3,69,286
Combined NSE + BSE Volume	3,97,009
Turnover	Rs 6.34 crore
Market Capitalisation	Rs 38,911.85 crore
Market Cap Category	Large Cap

Balkrishna Industries Ltd. (BALKRISIND) traded at Rs 2,287.5. versus the previous close of Rs 2,081.1, a rise of 9.92%. The stock opened at Rs 2,210.15, reached Rs 2,292.8, touched Rs 2,210.15. Reported volume was 27,723.

Balkrishna Industries Ltd. (BALKRISIND) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 38,911.85 crore

Balkrishna Industries Ltd. operates within the Automobile & Ancillaries sector, boasting a market capitalisation of Rs 38,911.85 crore. The company's valuation metrics, such as P/E and P/B ratios, are crucial for investors assessing its financial health. The sector's benchmark P/E median is 21.55, with an average of 67.37, while the P/B median is 2.01, and the average is 2.63. These figures provide a context for evaluating Balkrishna Industries Ltd.'s valuation relative to its peers. The company's performance metrics, including ROE and ROCE, are also essential indicators of its profitability and efficiency. The sector's ROE median is 7.67%, with an average of 7.93%, while the ROCE median is 9.53%, and the average is 12%. These benchmarks help investors gauge the company's financial performance and its standing within the industry. As investors continue to monitor Balkrishna Industries Ltd., these fundamental metrics will play a vital role in shaping their investment decisions.

Sector and Industry Context

Metric	Value
Sector	Automobile & Ancillaries
Benchmark Scope	same sector
Benchmark Median P/E	21.55x
Benchmark Average P/E	67.37x
Benchmark P/E Range	3.41x to 2,857.34x
Benchmark Median P/B	2.01x
Benchmark Median ROE	7.67%
Benchmark Median ROCE	9.53%
Company Market Capitalisation	Rs 38,911.85 crore
Benchmark Median Market Cap	Rs 245.71 crore

Balkrishna Industries Ltd. (BALKRISIND) is classified under sector: Automobile & Ancillaries.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

The Automobile & Ancillaries sector, encompassing 163 companies, provides a comprehensive benchmark for evaluating Balkrishna Industries Ltd.'s performance. The sector's P/E median is 21.55, with an average of 67.37, while the P/B median is 2.01, and the average is 2.63. These figures highlight the valuation landscape within the sector. Balkrishna Industries Ltd. operates in a competitive environment, with peers such as Carraro India Limited and Divgi Torqtransfer Systems Ltd. The sector's ROE median is 7.67%, with an average of 7.93%, while the ROCE median is 9.53%, and the average is 12%. These metrics provide a benchmark for assessing the company's financial performance relative to its peers. The sector's market capitalisation ranges from Rs 3.31 crore to Rs 3008.58 crore, with a median of Rs 245.71 crore and an average of Rs 608.44 crore. This context underscores the competitive landscape in which Balkrishna Industries Ltd. operates, highlighting its position as a significant player in the industry.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
CARRARO INDIA LIMITED	CARRARO	3,008.58	23.1	5.34	17.69	19.27
Divgi Torqtransfer Systems Ltd.	DIVGIITTS	2,935.04	62.75	4.63	15.05	19.01
Sundaram-Clayton Ltd.	SUNCLAY	2,888.93	11.22	2.28	-3.36	3.46
Automotive Axles Ltd.	AUTOAXLES	2,733.68	16.63	2.49	12.66	16.97
Panama Petrochem Ltd.	PANAMAPET	2,728.87	12.72	1.84	34.66	41.19

Balkrishna Industries Ltd. (BALKRISIND) has a market capitalisation of Rs 38,911.85 crore. Among the 5 peers shown, 0 have a larger market capitalisation.

Balkrishna Industries Ltd. competes with several notable peers in the Automobile & Ancillaries sector. Carraro India Limited, with a market cap of Rs 3008.58 crore, has a P/E of 23.1 and a P/B of 5.34, while Divgi Torqtransfer Systems Ltd. has a market cap of Rs 2935.04 crore, a P/E of 62.75, and a P/B of 4.63. Sundaram-Clayton Ltd. and Automotive Axles Ltd. are also key competitors, with market caps of Rs 2888.93 crore and Rs 2733.68 crore, respectively. These companies provide a benchmark for evaluating Balkrishna Industries Ltd.'s financial metrics, such as P/E, P/B, ROE, and ROCE. The comparison highlights the company's strengths and weaknesses relative to its peers, offering valuable insights for investors assessing its market position.

Why Investors Are Watching Balkrishna Industries Ltd.

Investors are closely monitoring Balkrishna Industries Ltd. due to its recent price action and market position. The company's significant price rise today has captured attention, prompting a closer examination of its fundamentals and sector context.

• Price Action: 9.92% increase to Rs 2287.5, marking a top gainer in the large-cap category.
• Fundamental Context: Strong market cap of Rs 38,911.85 crore, with competitive valuation metrics.
• Sector Positioning: Operates in the Automobile & Ancillaries sector, with notable peers.

As the market evolves, investors will continue to watch Balkrishna Industries Ltd. for further developments and potential opportunities.

About Balkrishna Industries Ltd.

Balkrishna Industries Ltd. is a prominent player in the Automobile & Ancillaries sector, focusing on the production and distribution of tires for various vehicles. The company operates across multiple segments, catering to diverse markets and industries. With a strong presence in both domestic and international markets, Balkrishna Industries Ltd. has established itself as a key player in the tire manufacturing industry. The company's commitment to innovation and quality has enabled it to maintain a competitive edge, driving growth and expansion in its operations. As a leader in the sector, Balkrishna Industries Ltd. continues to leverage its expertise and resources to meet the evolving demands of its customers and stakeholders.

Track Balkrishna Industries Ltd. Share Price on Univest

Use Balkrishna Industries Ltd. (BALKRISIND) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors can track Balkrishna Industries Ltd. Share Price on Univest to stay updated on live share price movements, technical indicators, fundamental ratios, and shareholding patterns. Univest provides comprehensive market insights, enabling investors to make informed decisions based on real-time data and analysis. Stay informed about the latest developments and trends in the market by following Balkrishna Industries Ltd. on Univest.

Frequently Asked Questions

What is the current share price of Balkrishna Industries Ltd.?

Ans. The current share price of Balkrishna Industries Ltd. is Rs 2287.5, reflecting a significant 9.92% increase from the previous close of Rs 2081.1. The stock moved 9.92% during the session.

How much did Balkrishna Industries Ltd. share price rise today?

Ans. Balkrishna Industries Ltd. share price rose by 9.92% today, marking a substantial gain in the large-cap category. The stock moved 9.92% during the session. The intraday range extended from Rs 2,210.15 to Rs 2,292.8.

Who are the key competitors of Balkrishna Industries Ltd.?

Ans. Key competitors of Balkrishna Industries Ltd. include Carraro India Limited, Divgi Torqtransfer Systems Ltd., and Sundaram-Clayton Ltd. Comparable listed companies include CARRARO INDIA LIMITED, Divgi Torqtransfer Systems Ltd., Sundaram-Clayton Ltd.

What are the valuation metrics for Balkrishna Industries Ltd.?

Ans. Balkrishna Industries Ltd.'s valuation metrics include P/E and P/B ratios, which are crucial for assessing its financial health. The relevant peer median P/E is 21.55x. The peer average P/E is 67.37x.

How does Balkrishna Industries Ltd. compare to its sector benchmarks?

Ans. Balkrishna Industries Ltd. is evaluated against sector benchmarks such as P/E, P/B, ROE, and ROCE, providing insights into its financial performance. The stock belongs to the Automobile & Ancillaries sector.

What is the sector benchmark P/E median?

Ans. The sector benchmark P/E median is 21.55, providing a context for evaluating Balkrishna Industries Ltd.'s valuation. The relevant peer median P/E is 21.55x. The peer average P/E is 67.37x. The stock belongs to the Automobile & Ancillaries sector.

What is the sector benchmark ROE average?

Ans. The sector benchmark ROE average is 7.93%, offering a comparison for assessing Balkrishna Industries Ltd.'s profitability. The relevant peer median ROE is 7.67%. The relevant peer median ROCE is 9.53%.