Buy, Sell, Or Hold: Globe Capital's Gaurav Sharma On Kirloskar Brothers, Balkrishna Industries

Kirloskar Brothers Ltd., Balkrishna Industries Ltd. and ABB India Ltd. have a 'buy' recommendation from Gaurav Sharma, associate VP and head of research (equity, commodity and currency) at Globe Capital.

Sharma recommends buying Kirloskar Brothers at the current market price and suggests setting a stop loss at Rs 855 and a target price of Rs 1,010. The parent company of the Kirloskar Group provides solutions for various industries, including water supply, power plants, irrigation, and more. 

The company is focused on fluid management solutions, specialising in the design, engineering, and manufacturing of pumps, valves, and hydro-turbines.

For Balkrishna Industries, Sharma advised a stop loss at Rs 2,570 and a target price at Rs 2,825. The company specialises in manufacturing tyres for agricultural, industrial, and off-the-road vehicles. It is a leading manufacturer in the off-highway tyre market, as per an official release by the company.

Sharma recommends buying ABB India with a stop loss at Rs 5,900 and target price at Rs 5,400. A subsidiary of the global ABB group, the company provides a range of products, solutions, and services across various sectors, including robotics, discrete automation, motion, electrification, and process automation.

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