Balkrishna Industries shares rise 8% to 52-week high: What brokerages said

Balkrishna Industries share price: The share of Balkrishna Industries rose 8 per cent to a fresh 52-week today (May 21) as the company reported better-than-expected Q4 earnings. The tyre manufacturer posted 87.4 per cent increase in net profit at ₹486.8 crore as compared to ₹260 crore in the year-ago period. During the same period, revenue growth was at ₹2,682 crore, up 16 per cent compared to ₹2,317 crore from the corresponding quarter last fiscal. 

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