This small-cap industrial stock soared 7.65 per cent today and is up 62 per cent in just a month; do you hold it?
When the outlook for the Industrial Sector is starting to look bullish to many fund managers, this stock is soaring on the bourses.
Kirloskar Oil Engines Ltd is the flagship company of the Kirloskar group. It is involved in the business of manufacturing and serving diesel engines and generator sets.
In recent times, many stock market analysts and fund managers are expressing their bullishness on the industrial sector. So, we have identified this Small-Cap industrial stock which is in strong momentum for the last few days and is also among the Top Gainers today. The stock we are speaking about is Kirloskar Oil Engines Ltd.
Shares of Kirloskar Oil Engines Ltd have risen 7.65 per cent today and are trading at Rs 260.4 as of 3:05 pm. The stock opened at Rs 244.95 and so far, has reached an intraday high and low of Rs 271.8 and Rs 243.95, respectively.
In just a month, the Kirloskar Oil Engines stock price increased by 62 per cent from Rs 160.65 on August 8 to Rs 260.4 on September 8.
The flagship company of the Kirloskar group, Kirloskar Oil Engines Ltd also serves sectors like agriculture, power generation and industrial. For FY22, the company reported net sales of Rs 4,022 crore, a 22 per cent YoY growth. For the same year, the company generated a net profit of Rs 171 crore.
The company has a market capitalisation of Rs 3782 crore and belongs to S&P BSE small-cap Index. The stock is trading at a TTM PE multiple of 14.1x.