Market 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.