Kirloskar Oil Engines Ltd up by 10.78%: Traders Corners | Espresso

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Espresso Shot of the Day - Kirloskar Oil Engines Ltd up by 10.78 percent

August 25, 2022
Espresso Shot of the Day - Kirloskar Oil Engines Ltd up by 10.78 percent

KIRLOSKAR OIL ENGINES LTD  216.90 (+10.78%)  BSE –  INE146L01010 | 25th August 2022

https://www.myespresso.com/images/Binge-graph-image_Kirloskar-Oil-Engines-Ltd-202208251900401102035.jpg

Kirloskar Oil Engines Ltd was incorporated on January 12, 2009 as a public limited company with the name Kirloskar Engines India Ltd. The company was incorporated with an objective of taking over and continuation of the business of manufacturing trading and/ or dealing in engines engine spares pumps generating sets and oils used therein bimetal bearings bushes and bimetal strips.The name of subsidiary company:Kirloskar Brothers Investments Limited Pooja Credits Priviate Limited Nalanda India Fund Limited.As per the scheme of arrangement between the company and the erstwhile Kirloskar Oil Engines Ltd the demerged undertaking of the erstwhile Kirloskar Oil Engines Ltd.


Recent Driver

  • Company appointed Mr. Atul C. Kirloskar as the Whole Time Director with designation as the Executive Chairman of the Company till 31st March 2023 on August 12,2022.
  • On August 10,2022, Kirloskar Oil Engines reported quarterly net profit of Rs. 81.54 crores in June 2022, up 153.47% from Rs. 32.17 crores in June 2021 on August 10,2022.
  • Kirloskar Oil Engines reported net Sales at Rs 1,191.41 crores in June 2022 up 45.15% from Rs. 820.83 crores in June 2021
  • On August 10,2022, the Board of Kirloskar Oil Engines at its meeting held on 10 August 2022 approved to invest in rights issue of equity shares having face value of Rs. 10/- each of Arka Financial Holdings (AFHPL), a wholly owned subsidiary of the Company, of Rs. 50 crore.
  • The company recommended a dividend of Rs.2.50/- per Equity  share  for the Financial Year ended 31st March, 2022, on May 19,2022.
(Sources: BSE, Moneycontrol,Business Standard,Business Line)


Technical Force*

  • S&P Bse smallcap month till date gain by 4.65%.
  • 3 months avg. NSE volume: 299,042
  • Quantity traded: 15,34,554| Deliverable Quantity: 8,73,929 (56.95%)
  • The stock price jumped by more than 70 % from a one-year low level: 215 (March 7 ,2022)
  • Daily RSI (14) is at overbaught territory today.
  • 52-week-high: 238.55| 52-week-low: 122.60


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

424.23

351.02

267.93

194.72

111.63

38.42

-

-

Fibonacci Pivot

351.02

291.31

254.42

230.67

194.72

158.77

135.01

98.12

38.42


Today’s Close

216.90

SMA

BSE

10 DAY

185.54

20 DAY

174.23

50 DAY

154.06

200 DAY

159.91


Some Key Ratios (Source: BSE)

Market Cap: 3,137.08 crores

PE: 12.64

OPM%: 11.41

ROE%:  11.60

Promoters holding%: 59.44

Prev. Close:  195.80


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

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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.