Auto component maker Balkrishna Industries hit a fresh 52-week high last week, and experts suggest the rally isn’t over yet. Short-term traders are being advised to buy the stock on dips for a possible target of INR3,000 in the next two to three months. The stock hit INR2,490 on 26 May, up from a low of INR1,800 last year. The supertrend indicator has triggered a buy on the weekly charts after a 14% price rise in a week, but a Relative Strength Index above 70 is considered overbought, meaning a pullback could be on the way.
ETMarkets Smart Talk| Two more US Fed cuts could trigger FII comeback to Indian equities, says SMC Global’s Ajay Garg
The US Federal Reserve’s rate cut sets the stage for increased FII inflows into Indian equities, driven by strong domestic fundamentals and festive demand. Despite
September 23, 2025