Balkrishna Inds (BALKRISIND) Share News & Alerts
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Balkrishna Inds drops after Q4 PAT slumps 18% YoY to Rs 295 cr
▼ Bearish +5.33%
The stock is under pressure due to a significant 18% YoY decline in net profit, which missed market expectations despite a 7% rise in revenue. The primary culprit is margin contraction caused by elevated raw material costs, specifically natural rubber and crude-linked inputs, which the company hasn't fully passed on. For swing traders, the breakdown below key support levels on high volume signals a bearish trend that may persist until raw material prices stabilize or volume growth offsets margin hits.
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