Balkrishna Industries’ shares fell 9% to Rs 2,250 on BSE after it reported a decline of 30.7% in consolidated net profit for Q4 FY23. The company’s revenue from operations fell by 2.4% to Rs 2,317 crore for the March quarter. Motilal Oswal has a Neutral rating on the stock, and 22 analysts recommend a Hold, with a majority of nine analysts having strong buy and buy ratings. Despite this, the stock has risen 10% YTD and 15% in the last six months.
