Balkrishna Industries stock skids 7.5%; margin outlook weak
There is no good news on the demand front, as well. The company's management expects demand to be sluggish in 2QFY23 due to macro challenges in Europe, heat waves and inflationary trends in the US market
Shares of tyre maker Balkrishna Industries Ltd slumped 7.5% on the National Stock Exchange on Friday, reacting to the company's June quarter earnings.
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