Balkrishna Industries Ltd NSE  /  BSE

Tyres, Mid Cap

23 Oct 2020 | 04:14 PM

1,388.10
30.45 (2.24%)

Independent Research

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Star Rating

Initiated on 01-01-70

Target Price

Performance parameters

  • Earnings Revision Trend

    Analysts negative since 07-Apr-2020

    Compared to seven weeks ago, the analysts have lowered their earnings per share estimates. This negative trend began 07-Apr-2020 at a price of 823.55.

  • Valuation Rating

    Fairly priced

    Based on its growth potential and our own criteria, at its current price the stock is fairly valued.

  • MT Tech Trend

    Trend neutral but previously negative (since 21-Apr-2020)

    The stock is currently trading close to its forty day moving average (changes between +1.75% and -1.75% are considered neutral). Prior to this (since 21-Apr-2020), the stock traded below its moving average. The confirmed Technical Reverse (Tech Reverse + 1.75%) point is 943.507.

  • 4W REL Performance

    Under pressure (vs. SENSEX30)

    The four week relative underperformance versus SENSEX30 is -2.880.

Risk parameters

  • Risk Zone

    Moderate

    The stock has been on the moderate-sensitivity level since 03-Sep-2019.

  • Bear Market

    Average sensitivity to market corrections

    On average, the stock is likely to decline with the index.

  • Bad News

    Slight market sanction in case of specific pressure

    When the stock's pressure is specific, the market sanction on average is 293%.

  • Beta

    109 Average sensitivity to SENSEX30

    For 1% of index variation, the stock varies on average by 109%.

  • Correlation

    0.71 Strong correlation to SENSEX30

    0.7135% of stock movements are explained by index variations.

  • Value at Risk

    Rs.224.35 The medium term value at risk is estimated at 224.35 or 0.24000%

    The value at risk is estimated at 224.35. The risk is therefore 0.24000%. This value is based on the historical volatility for a medium time period (1 month) with a confidence of 95%.

Other parameters

  • LT Growth

    13.87 Current year to 2022 annualized estimate

    The annualized growth estimate is for the current year to 2022.

  • P/E Ratio

    16.07 Estimated PE for 2022

    The estimated PE is for the year 2022.

  • G/PE Ratio

    0.94 3.892% discount to expected growth

    A ratio (Forecasted Growth + Estimated Dividend Yield/ Estimated Price Earnings) higher than 0.9 indicates that the stock's price presents a discount to growth of 3.892%.

  • Dividend Yield

    1.18% Dividend is largely covered by profits

    The twelve month estimated dividend yield represents 18.949% of earnings forecasts.

  • Global Evaluation

    Neutral

    The stock is classified in the neutral zone since 28-Apr-2020.