Strong momentum in agri tyre exports to help Balkrishna Industries

Even as peers are struggling for growth, Balkrishna Industries (Balkrishna) is expected to benefit from strong demand for agriculture tyres. This, coupled with backward integration, is expected to help Balkrishna post strong revenue growth, as well as improve profitability. The stock, which has gained over 40 per cent in the past three months, is expected to get support from demand trends. Led by Europe, agriculture tyre exports from India have been strong and were up over 40 per cent year-on-year (YoY) in July. Balkrishna is expected to be a major beneficiary of this trend as it gets 60.....

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