Balkrishna Industries Ltd lost 1.52% today to trade at Rs 849.7. The S&P BSE Auto index is down 0.14% to quote at 18251.13. The index is up 2.06 % over last one month. Among the other constituents of the index, Exide Industries Ltd decreased 1.42% and Mahindra & Mahindra Ltd lost 1.29% on the day. The S&P BSE Auto index went down 11.04 % over last one year compared to the 14.03% surge in benchmark SENSEX.

Balkrishna Industries Ltd has added 1.4% over last one month compared to 2.06% gain in S&P BSE Auto index and 2.89% rise in the SENSEX. On the BSE, 3965 shares were traded in the counter so far compared with average daily volumes of 34232 shares in the past one month. The stock hit a record high of Rs 1023 on 29 Mar 2019. The stock hit a 52-week low of Rs 682.65 on 04 Sep 2019.

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Net profit of Balkrishna Industries rose 39.95% to Rs 294.31 crore in the quarter ended September 2019 as against Rs 210.30 crore during the previous quarter ended September 2018. Sales declined 17.32% to Rs 1084.28 crore in the quarter ended September 2019 as against Rs 1311.41 crore during the previous quarter ended September 2018.

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Net profit of Balkrishna Industries rose 30.90% to Rs 291.00 crore in the quarter ended September 2019 as against Rs 222.31 crore during the previous quarter ended September 2018. Sales declined 19.18% to Rs 1071.19 crore in the quarter ended September 2019 as against Rs 1325.48 crore during the previous quarter ended September 2018.

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Balkrishna Industries announced that the Board of Directors of the Company at its meeting held on 14 November 2019, has recommended a Second Interim dividend of Rs.2 per share (i.e.100%), subject to the approval of the shareholders.

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