Espresso Shot of the Day - Kirloskar Pneumatic Ltd up by 7.66%

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Espresso Shot of the Day - Kirloskar Pneumatic Ltd up by 7.66%

November 17, 2022
Espresso Shot of the Day - Kirloskar Pneumatic Ltd up by 7.66%

KIRLOSKAR PNEUMATIC LTD 639.15 (+7.66%) BSE –INE811A01020 | 17th November 2022

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Kirloskar Pneumatic Company Ltd. is one of the core group companies and was founded in 1958 under the chairmanship of Late Shri Shantanurao Kirloskar. It is certified for Integrated Management System (IMS). The company started its operations with the manufacture of Air Compressors and Pneumatic Tools. New product lines were then added, including Air Conditioning and Refrigeration systems, Marine HVACR, Process Gas systems, Vapour Absorption System and Hydraulic Power Transmission machinery. The company has earned an enviable reputation for its systems engineering and turnkey project expertise. Over the years, Kirloskar Pneumatic has developed various sophisticated and high-tech products in the above categories to cater to the demands of various industrial sectors, locally, as well as internationally. The company has earned the distinction of developing a host of advanced products to suit Indian conditions and has been continuously updating them to maintain the highest standards of quality and reliability. The company has established several joint ventures and technology partnerships with leading global companies which is working together to build a future that is “Limitless”.


Recent Drivers

  • On November 14,2022, Kirloskar Pneumatic Company allotted 19,200 equity shares of face value of Rs. 2/- each to the eligible employees, who have exercised their stock options under the 'KPCL Employee Stock Option Scheme 2019.'
  • On October 19,2022, Kirloskar Pneumatic Company Ltd reported a net profit of Rs. 27.21 crores in September 2022, up 139.31% from the Rs. 11.37 crores in September 2021.
  • On October 19,2022, Kirloskar Pneumatic Company Ltd reported a net sale of Rs. 295.20 crores in September 2022, up 30.28% from the Rs. 226.59 crores reported in September 2021.
  • The Board of Directors of Kirloskar Pneumatic Company Limited in their meeting held on October 19, 2022, approved the appointment of Mr. Pravir Kumar Vohra as an Additional Director in the category of Independent Director of the Company with effect from October 19, 2022, subject to the approval of the Members.
  • Board at its meeting held on April 28, 2022, recommended a final dividend of Rs.2.40 per equity share for the Financial Year 2021-22, subject to approval of Members at the ensuing AGM. The Ex- date was on July 11,2022.


            (Sources: BSE, Money control)


Technical Force

  • S&P BSE Smallcap month till date gain by 0.22%.
  • 3 months avg. NSE volume: 1,22,614
  • Quantity traded: 1,63,613| Deliverable quantity: 1,28,338 (78.44%).
  • Stock price jumped by more than 65 % from a one-year low level: 374.00 (November 22, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 643.00| 52-week-low: 374.00.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

865.02

670.83

549.87

355.68

234.72

40.53

-

-

Fibonacci Pivot

670.83

550.45

476.07

428.17

355.68

283.20

235.30

160.92

40.53


Today’s Close

639.15

SMA

BSE

10 DAY

574.70

20 DAY

571.32

50 DAY

565.81

200 DAY

469.43


Some Key Ratios (Source: BSE)

Market Cap:  4,126.26 Crores

PE:  34.85

OPM%: 14.96

ROE%:  15.75

Promoters holding%: 39.13

Prev. Close:  593.70


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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.