The shares of Kirloskar Oil Engines Limited saw a tremendous rise on Monday. The stock jumped 4% on BSE to ₹ 676.
What do market experts say?
- Brokerage firm Motilal Oswal has retained the ‘bye’ rating on the shares of Kirloskar Oil Engines.
- That is, investors have been advised to buy it.
- The share of the stock has been 52-Veek high ₹ 1450 and 52-Veik is ₹ 544.15.
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Price Target of Brokerage House – Bounce by 76%!
Motilal Oswal has fixed a target price of ₹ 1150 for Kirloskar Oil engines.
- This stock can jump up to 76% at the current ₹ 676 level.
- The company is working on increasing its stake in the mid-to-high KVA range.
- High Horse Power (HHP) sales in Powerjen Revenue in the next 1-2 years plans to increase the share of 400-500 basis points.
- The company’s volumes will see improvement in the next few quarters.
45% broken in 6 months, but 615% return in 5 years
However, the company’s shares have fallen rapidly in the last few months.
- The stock has fallen 45% in the last 6 months (on 17 September 2024 falling from ₹ 1286.30 to ₹ 676 on 17 March 2025).
- At the beginning of the year (1 January 2025) it was at ₹ 1008.60, that is, it has fallen by more than 30% so far.
- In the last 5 years, this stock has given a multibagger return of 615% (increased from ₹ 93.60 to ₹ 676+).
What to invest?
- This stock can remain volatile in the short term, but
- The brokerage house believes that it can give up to 76% returns in the long term.
- Given strong fundamentals and business expansion plans, this stock remains attractive to long-term investors.
