Kirloskar Oil Engines is currently trading at Rs. 155.00, up by 13.40 points or 9.46% from its previous closing of Rs. 141.60 on the BSE.
The scrip opened at Rs. 150.00 and has touched a high and low of Rs. 160.05 and Rs. 150.00 respectively. So far 1,045 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 261.90 on 24-Dec-2010 and a 52 week low of Rs. 130.05 on 11-Mar-2011.
Last one week high and low of the scrip stood at Rs. 160.05 and Rs. 137.00 respectively. The current market cap of the company is Rs. 2062.11 crore.
The promoters holding in the company stood at 62.37% while Institutions and Non-Institutions held 22.69% and 14.94% respectively.
Kirloskar Oil Engines has entered into a license agreement with Daihatsu Diesel Manufacturing Company of Japan for manufacturing of diesel engines in range of 610 KW to 2560 KW, to cater to the commercial marine market segment.
The effective date of this agreement is subject to the necessary approvals and permissions.
Recently, Kirloskar Oil Engines (KOEL) is eying 20 per cent year-on-year sales growth for the next two years by FY 2012-13. The company is also looking at its expansion plan and is in process of increasing its product range and volume.
KOEL manufactures the widest range of diesel engines in India. Its other product range includes irrigation pump sets, diesel generating sets and engine bearings.
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