This multibagger midcap stock could rise 27% in the long-term
Updated : December 27, 2019 06:22 AM IST
The stock has returned a modest 4 percent so far this year, under-performing the Sensex by 14.5 percent.
ICICI Securities maintains a 'Buy' rating on Balkrishna Industries with a price target of Rs 1,220 per share in the long-term.
The tyre-maker reported a consolidated net profit of Rs 294.31 crore in Q2FY20 against Rs 210.30 crore in the same period last year.
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