2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$400 million
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$300 million
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$200 million
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$100 million
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Detailed explanation-1: -Balkrishna Industries Ltd. has an average target of 2349.67. The consensus estimate represents an upside of 7.31% from the last price of 2189.55.
Detailed explanation-2: -It embarked to enhance the installed capacity of Carbon Black from an achievable capacity 115000 MTPA to 200000 MTPA including 30000 MTPA of high value of advanced carbon black material. It completed expansion of mixing facility and enhancing the warehousing capacity.
Detailed explanation-3: -About the Company Balkrishna Industries is currently an OEM vendor for heavy equipment manufacturers like JCB, John Deere, and CNH Industrial. The company currently enjoys a 6% market share of the global off-the-road tire segment. If you are interested to know about the business of BKT in detail, watch this video .
Detailed explanation-4: -In Q1 FY23, its volumes grew 21% y-o-y to 83,153 mt and the company has guided for sales volumes of 320,000-330,000 mt in FY23, the tyre-maker reported.