Meanwhile, the S&P BSE Sensex was down 292.34 points, or 0.77% to 37,865.58.

On the BSE, 1.37 lakh shares were traded in the counter so far compared with average daily volumes of 81,000 shares in the past two weeks. The stock had hit a high of Rs 1191.75 and a low of Rs 1117.60 so far during the day. The stock hit a record high of Rs 1,467.40 on 29 August 2018. The stock hit a 52-week low of Rs 796.43 on 25 September 2017.

Balkrishna Industries announced on Saturday, 1 September 2018, that its board of directors approved a capital expenditure (capex) plan of upto $100 million for setting up a greenfield tire plant in USA through a wholly owned subsidiary to be set up. The company shall also incur capex of upto Rs 1,000 crore for its Indian operations. The entire capex will be completed within a period of 30 months. This is in addition to the current capex underway for the carbon black plant. The entire capex of Rs 1,700 crore would be funded via a mix of debt and internal accruals.

Shares of Balkrishna Industries tumbled 7.38% to settle at Rs 1263.45 on Monday, 3 September 2018. The stock has fallen 17.09% in three sessions from its close of Rs 1364.10 on 31 August 2018.

Net profit of Balkrishna Industries rose 50.35% to Rs 230.25 crore on 34.62% rise in net sales to Rs 1362.39 crore in Q1 June 2018 over Q1 June 2017.

Balkrishna Industries (BKT) is a leading manufacturer in the off-highway tire market. The company focuses on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.

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Meanwhile, the S&P BSE Sensex was up 14.19 points, or 0.04% to 38,326.71.

On the BSE, 76,000 shares were traded in the counter so far compared with average daily volumes of 68,000 shares in the past two weeks. The stock had hit a high of Rs 1,270 and a low of Rs 1,187.55 so far during the day. The stock hit a record high of Rs 1,467.40 on 29 August 2018. The stock hit a 52-week low of Rs 796.43 on 25 September 2017.

Shares of Balkrishna Industries tumbled 7.38% to settle at Rs 1,263.45 yesterday, 3 September 2018, after the company said that its board of directors at its meeting held on 1 September 2018 approved a capital expenditure (capex) plan of upto $100 million for setting up a greenfield tire plant in USA through a wholly owned subsidiary to be set up. The company shall also incur capex of upto Rs 1,000 crore for its Indian operations. The entire capex will be completed within a period of 30 months. This is in addition to the current capex underway for the carbon black plant. The entire capex of Rs 1,700 crore would be funded via a mix of debt and internal accruals.

Net profit of Balkrishna Industries rose 50.35% to Rs 230.25 crore on 34.62% rise in net sales to Rs 1362.39 crore in Q1 June 2018 over Q1 June 2017.

Balkrishna Industries (BKT) is a leading manufacturer in the off-highway tire market. The company focuses on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.

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Adani Enterprises Ltd, Adani Transmission Ltd, Coffee Day Enterprises Ltd and Bajaj Finance Ltd are among the other losers in the BSE's 'A' group today, 03 September 2018.

Balkrishna Industries Ltd tumbled 7.29% to Rs 1264.7 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.38 lakh shares were traded on the counter so far as against the average daily volumes of 55341 shares in the past one month.

Adani Enterprises Ltd lost 6.78% to Rs 209.55. The stock was the second biggest loser in 'A' group.On the BSE, 15.63 lakh shares were traded on the counter so far as against the average daily volumes of 15.56 lakh shares in the past one month.

Adani Transmission Ltd crashed 4.61% to Rs 217.4. The stock was the third biggest loser in 'A' group.On the BSE, 87172 shares were traded on the counter so far as against the average daily volumes of 3.84 lakh shares in the past one month.

Coffee Day Enterprises Ltd dropped 3.78% to Rs 267.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 20281 shares were traded on the counter so far as against the average daily volumes of 51511 shares in the past one month.

Bajaj Finance Ltd pared 3.75% to Rs 2752. The stock was the fifth biggest loser in 'A' group.On the BSE, 89679 shares were traded on the counter so far as against the average daily volumes of 65476 shares in the past one month.

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The announcement was made on Saturday, 1 September 2018.

Meanwhile, the S&P BSE Sensex was down 84.76 points, or 0.22% to 38,560.31.

On the BSE, 1.35 lakh shares were traded in the counter so far compared with average daily volumes of 60,000 shares in the past two weeks. The stock had hit a high of Rs 1,363.50 and a low of Rs 1,255 so far during the day. The stock hit a record high of Rs 1,467.40 on 29 August 2018. The stock hit a 52-week low of Rs 790 on 1 September 2017.

Balkrishna Industries said that its board of directors at its meeting held on 1 September 2018 approved a capital expenditure (capex) plan of upto $100 million for setting up a greenfield tire plant in USA through a wholly owned subsidiary to be set up. The company shall also incur capex of upto Rs 1,000 crore for its Indian operations. The entire capex will be completed within a period of 30 months. This is in addition to the current capex underway for the carbon black plant. The entire capex of Rs 1,700 crore would be funded via a mix of debt and internal accruals.

Net profit of Balkrishna Industries rose 50.35% to Rs 230.25 crore on 34.62% rise in net sales to Rs 1362.39 crore in Q1 June 2018 over Q1 June 2017.

Balkrishna Industries (BKT) is a leading manufacturer in the off-highway tire market. The company focuses on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.

Powered by Capital Market - Live News