Friday, May 12, 2023

Rationale report – 12.05.2023


Recommended stocks on – 12.05.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 2212

Ø Strong Support : 2180

Ø Resistance price : 2238 – 2244 - 2250

Reasons for Buy Recommended –

Over the past three years, Balkrishna Industries has achieved an annual earnings per share (EPS) growth rate of 15%, closely aligning with its 16% average annual share price increase. While Balkrishna Industries demonstrates robust financial health and consistent growth, with some projecting modest gains and others suggesting potential bullish.

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