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*AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:* 26.04.2020
Balkrishna Industries
CMP 867 ENTRY 825 TO 850 STOPLOSS 600 TARGET 1400++ TIME: 12 MONTHS

Balkrishna Industries : Balkrishna Industries is one of the leading company in Off-The-Road(OTR) tyre market. Balkrishna Industries' key products/revenue segments include Tyres & Tubes which contributes 95-96 per cent of total sales. The demand recovery for agriculture equipment and scope for higher share in overseas markets will drive earnings growth in the medium term. The company sells its product under the BKT brand and generates nearly 80 per cent of revenue from overseas markets by supplying tyres used in agricultural and mining operations. The measures undertaken by the company have helped it protect margins whenever demand has not been good. The Global
OTR Tire Market stood at over $19 billion in 2019 and is projected to cross $31 billion by 2025, on the back of a growing number of infrastructure development projects worldwide. Rapid development in the construction of road & railway network, power supplies, housing infrastructure, industrial structures, etc. As dollar has been very strong against the Rupee, the company will benefit from this currency differentiation.

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