Balkrishna Industries, CIE Automotive, Aye Finance Q2 Review: ICICI Securities Remains Bullish, Sees Up To 50% Upside
ICICI Securities rate 3 stocks, including Balkrishna Industries and Cie Automotive India.
· NDTV Profit
Among the three stocks, Aye Finance offers the highest indicated upside at 50%, supported by improving profitability and asset quality, although the brokerage has sharply reduced its target price to account for near-term uncertainties.
The analysis
Where the names start from: Balkrishna Industries is 24% below its 52-week high, -10.2% over three months; Cie Automotive India is 29% below its 52-week high, -14.3% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Brokerage calls from ICICI Securities, with ratings on 3 stocks. Of these, the 2 we track are below: Balkrishna Industries and Cie Automotive India.
- The “Up To 50% upside” is the brokerages’ own estimate: the gap between the share price when the note was written and their target price, usually set a year out. It is a forecast by the brokerage, not a move that has happened.
- On the day, 0 of 2 are higher: Cie Automotive India leads at -0.6% and Balkrishna Industries trails at -1.3%.
- Over three months: Balkrishna Industries -10.2% against Auto -7.7% (2.5 points behind); Cie Automotive India -14.3% against Auto -7.7% (6.6 points behind).
- At least 25% below the 52-week high: Cie Automotive India (29%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Balkrishna IndustriesBALKRISIND · Auto | ₹2,072.60 | -1.3% | -2.1% | -10.2% | -23.7% | 0.3× | — |
| Cie Automotive IndiaCIEINDIA · Auto | ₹352.80 | -0.6% | -8.7% | -14.3% | -29.0% | 1.0× | — |
Auto
1M -5.8% · 3M -7.7%
Balkrishna Industries, Cie Automotive India
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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