Kirloskar Oil Engines trades higher on the BSE
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Kirloskar Oil Engines is currently trading at Rs. 200.65, up by 1.15 points or 0.58% from its previous closing of Rs. 199.50 on the BSE.
The scrip opened at Rs. 200.85 and has touched a high and low of Rs. 204.40 and Rs. 198.20 respectively. So far 10991 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 277.80 on 23-Jul-2021 and a 52 week low of Rs. 94.50 on 26-Oct-2020.
Last one week high and low of the scrip stood at Rs. 211.80 and Rs. 195.75 respectively. The current market cap of the company is Rs. 2903.85 crore.
The promoters holding in the company stood at 59.44%, while Institutions and Non-Institutions held 20.08% and 20.48% respectively.
Kirloskar Oil Engines is aiming its revenue to reach or even cross the pre-pandemic levels by March. The company, which also is the world's second largest maker of railway power cars, has also announced 4-5 per cent price hike effective this month to offset the input cost, which should help increase the margins.
Kirloskar Oil Engines was incorporated in 1946. KOEL is the flagship company of the Kirloskar group.
