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.

Rahul Dev

Cricket Jounralist at Newsdesk

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