Kirloskar Brothers (KBL) is currently trading at Rs 114.35, up by 3.90 points or 3.53% from its previous closing of Rs 110.45 on the BSE.
The scrip opened at Rs 110.00 and has touched a high and low of Rs 114.70 and Rs 110.00 respectively.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 242.00 on 04-Jan-2011 and a 52 week low of Rs 108.00 on 15-Dec-2011.
Last one week high and low of the scrip stood at Rs 122.50 and Rs 109.00 respectively. The current market cap of the company is Rs 876.31 crore.
The promoters holding in the company stood at 62.37% while Institutions and Non-Institutions held 14.56% and 23.07% respectively.
KBL, a leading global fluid management company, has launched ‘Mobile Pump Controller’ designed to assist a pump user monitor and operate the pump remotely with the help of a mobile.
The Mobile Pump Controller ensures a user friendly interface while addressing the security concerns. Features like Interactive Voice Response (IVR) setting options that enable the user pre-set the pump operation timings are available in different regional languages. The product has an in-built security feature, which restricts unauthorized access.
Available through the vast distribution network of KBL channel partners across the country, the product caters to the needs of pump users in Agriculture, Industries and Building & Construction sectors.
Kirloskar Brothers is engaged in manufacturing pumps. It is as a part of $2.2 billion Kirloskar group. It is India’s largest manufacturer and exporter of pumps and valves. In January its board approved for Scheme of Amalgamation of company’s step down subsidiaries, Pressmatic Electro Stampings and Quadromatic Engineering with company’s wholly owned subsidiary - Hematic Motors.