OPTION CASH: BUY BALKRISHNA Industries Limited (BKT)

• August 12, 2021
• By Dipankar Sardar
• 423 Views 388 comments

Balkrishna Industries Limited (BKT) is an Indian multinational tyre manufacturing company based in Mumbai, India. Balkrishna Industries manufactures off-highway tyres used in specialist segments like mining, earthmoving, agriculture, and gardening in five factories located in Aurangabad, Bhiwadi, Chopanki, Dombivali, and Bhuj. In 2013, it was ranked 41st among the world’s tyre makers.^[4] Balkrishna Industries is currently an OEM vendor for heavy equipment manufacturers like JCB, John Deere, and CNH Industrial. In 2014, BKT held a 6% market share of the global off-the-road tyre segment.^[5]Balkrishna Industries predominantly caters to the replacement market in North America and Europe. Its North American office is located in Akron, Ohio, with one warehouse in Wando, South Carolina.^[6] About 80 percent of Balkrishna Industries’ business in the United States is in the farm market.^[7]BKT Tires has been the official and exclusive tyre sponsor for Monster Jam since 2014.^[8] In July 2018, BKT purchased naming rights for Italian football’s second division, Serie B for three years, with the league being known as Serie BKT under the agreement.^[9] On 15 January 2020, BKT signed an agreement with LFP to rename the French football second division as Ligue 2 BKT for four years

Script Name –BALKRISHNA

Expire Date-AUGUST

Strike Price- 2400 CE

Buy Price – 21/23

Profit Target- 35,45 ++

Stop Loss-14

Call Duration-DELIVERY

Disclaimer : Trading in the stock market, currency, or commodity markets is risky and has the potential to lose money. –Atal Trade Effort calls you after analyzing all aspects of all stocks. Investing is a personal matter. However, only one. The risk of loss in trading and investment in Securities markets including Equities, Derivatives, commodities, and Currency can be substantial. All products that carry a substantial risk of loss up to your invested capital. It May not be suitable for everyone. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You invest a portion of your total money that will not be affected by the loss. Never put all your money into trading and never borrow money for the business.