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Balkrishna Industries - Destocking, Making The Ride Bumpy For Wholesales: ICICI Securities

The brokerage retains 'Add' rating on the stock and a DCF-based unchanged target price of Rs 3,200, implying 26 times FY26E EPS.

<div class="paragraphs"><p>Earthmax SR 49 radial OTR tyres manufactured by Balkrishna Industries Ltd. (Source: Company website)</p></div>
Earthmax SR 49 radial OTR tyres manufactured by Balkrishna Industries Ltd. (Source: Company website)
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