Latest news with #Balkrishna
Time of India
5 days ago
- Time of India
1 dead, 3 injured in 2 tree fall incidents in eastern suburbs
Mumbai: One person died and three others were injured in two separate tree and branch fall incidents at Sewri and Kurla East in the 24 hours from 8am on Wednesday. Ranjan Nishad (27), a plumber, suffered injuries after a huge Gulmohar tree in a private compound got uprooted and fell on his scooter near Fatima School, Sewri Cross Road, around 8:30pm on Wednesday. He passed away at KEM Hospital around 1:30am on Thursday. The condition of Nishad's relative, plumber K Balkrishna (33), who was riding pillion rider on the scooter, is said to be stable. Balkrishna, who suffered serious injuries to his left leg, is admitted to KEM Hospital. In another incident, a branch fell on two pedestrians, injuring them, near Jaitvan Garden, Thakkar Bappa Colony Road, Kurla East, at 11:30pm on Wednesday. The condition of the two is said to be stable. F-South ward officials said Sewri's Angel Housing Society where the Gulmohar tree got fatally uprooted, had sought permission for trimming the tree, but they did not carry it out. The BMC's F-South ward has sought the opinion of the garden department on whether a notice could be issued to the society regarding the incident. It occurred when Nishad and Balkrishna were returning home to Nalasopara after completing a plumbing job at a BMC office in Cotton Green. Balkrishna, in pain and facing the prospect of surgery, remains unaware that Nishad is dead. "About 15 to 20 people helped us, and we were rushed to the hospital in a taxi," said Balkrishna, who makes about Rs 15,000 a month and will likely have to return to his village in UP until he recovers. BMC superintendent gardens Jitendra Pardeshi did not respond to calls from TOI seeking a comment on the incident. A BMC's F-South ward and garden department official said, "We have sought the opinion of the garden department as to what action can be pursued against the society."
News18
26-05-2025
- Automotive
- News18
Balkrishna Industries Crashes 10% On Price Target Cuts, Expansion Concerns; Key Points
Last Updated: Shares of Balkrishna Industries Ltd plunged over 10% following a wave of price target downgrades by brokerages; Check latest target price Balkrishna Industries Share Price Today: Shares of Balkrishna Industries Ltd plunged over 10% in Monday's trade following a wave of price target downgrades by brokerages. The declines came amid continued concerns over demand uncertainty and the company's expansion into new tyre segments — particularly the Premium Passenger Car Radial (PCR) and Truck and Bus Radial (TBR) categories — which analysts believe could weigh on return on equity (ROE) in the short term. The stock hit an intraday low of Rs 2,385, down 10.33%, and has now dropped 15.82% year-to-date in 2025, underperforming the BSE Auto index, which is up 2.12% in the same period. In terms of financial performance, Balkrishna's Q4FY25 revenue beat Bloomberg estimates by 4%, while EBITDA margin stood at 24.8%, just shy of the consensus 25% estimate. EBITDA remained flat year-on-year, slightly above expectations. According to Nomura India, Q4 volumes were 82,000 tonnes, unchanged year-on-year, while average selling prices (ASPs) rose 2.7% quarter-on-quarter. However, the bottom line disappointed due to lower other income and higher interest expenses, resulting in a 25% year-on-year decline in PAT. Nomura downgraded the stock from 'Buy' to 'Neutral', citing concerns over the potential ROE dilution from its diversification into new tyre segments. It revised the target price upward to Rs 3,242 from Rs 2,644 earlier, factoring in the medium-term potential but also noting execution risks. Motilal Oswal Financial Services (MOFSL) also flagged ongoing demand headwinds in Balkrishna's key export markets. The brokerage cut its FY26 and FY27 earnings estimates by 8% each, and expressed skepticism over the company's entry into the niche PCR and TBR segments. 'Whether Balkrishna can gain meaningful market share in these new categories without significantly diluting margins and returns remains a key uncertainty," MOFSL noted. While the stock's valuations are no longer demanding, future re-rating would hinge on execution success, it said. Meanwhile, Nirmal Bang Institutional Equities maintained a 'Hold' rating on the stock, trimming its target price to Rs 2,645 from Rs 2,718. The brokerage said it continues to project a 9% volume CAGR over FY25–FY27, with margins improving to 26.2% by FY27. Despite near-term concerns, it believes Balkrishna remains a strong franchise, and its low-cost operations and geographic marketing efforts could drive superior long-term margins. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published:
