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    Buy Kirloskar Oil Engines, target price Rs 348: Axis Securities

    Synopsis

    Kirloskar Oil Engines Ltd. key Products/Revenue Segments include Engine & Gensets, Sale of services, Scrap, Other Operating Revenue, Export Incentives, Solar Power, Commission for the year ending 31-Mar-2022.

    buy-sellThinkStock Photos
    Promoters held 59.44 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.02 per cent, DIIs 16.79 per cent.
    Axis Securities has buy call on Kirloskar Oil Engines with a target price of Rs 348. The current market price of Kirloskar Oil Engines is Rs 282.2. Kirloskar Oil Engines Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 4106.36 Crore) operating in Engineering sector.

    Kirloskar Oil Engines Ltd. key Products/Revenue Segments include Engine & Gensets, Sale of services, Scrap, Other Operating Revenue, Export Incentives, Solar Power, Commission for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1196.95 Crore, up .61 % from last quarter Total Income of Rs 1189.75 Crore and up 44.71 % from last year same quarter Total Income of Rs 827.12 Crore. Company reported net profit after tax of Rs 81.67 Crore in latest quarter.

    Investment Rationale
    Multiple Resistance Breakout around 270 levels along with huge volumes.

    Promoter/FII Holdings
    Promoters held 59.44 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.02 per cent, DIIs 16.79 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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