Balkrishna Industries Shows Strong Momentum Amid Broader Market Gains in Tyre Sector

Apr 30 2025 12:15 PM IST
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Balkrishna Industries has experienced significant activity, achieving its third consecutive day of gains and an overall increase of 6.24% recently. The stock is currently above several key moving averages, reflecting a strong performance relative to the broader Tyres & Allied sector and the Sensex over the past year.
Balkrishna Industries, a prominent player in the Tyres & Allied sector, has shown notable activity today, gaining 3.17% as of April 30, 2025. The stock has been on an upward trend, marking its third consecutive day of gains, with a total increase of 6.24% over this period. Today, it reached an intraday high of Rs 2679.95, reflecting a rise of 2.88%.

In terms of moving averages, Balkrishna Industries is currently positioned higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average. This performance aligns closely with the broader Tyres & Allied sector, which has seen a gain of 2.83%.

In the wider market context, the Sensex opened higher at 80,370.80, gaining 82.42 points (0.1%), and is currently trading at 80,332.80. While the Sensex is above its 50-day moving average, the 50-day moving average is below the 200-day moving average. Over the past year, Balkrishna Industries has outperformed the Sensex, delivering a return of 10.41% compared to the Sensex's 7.83%.
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