Balkrishna Inds on good road

Balkrishna Industries is on good roads. The stock is up over 7% , up over Rs.22 at Rs.326, with an intra day high at Rs.331.35.

The stock is treading up on good Q3Fy14 performance, with net profit jumping up over 66% (YoY) on a 24% at Rs.867 crore. Our Editor Mr.SP Tulsian, has recommended this stock for investment post the Q3 numbers. He has stated that the he expects Rs 50 EPS for FY14 but he expects it to get better given the fact that 90% of its turnover comes from exports. The recently carried out expansions are also likely to boost earnings from FY15. He thus expects an EPS of close to about Rs 56-60 in a broader range for FY15.