Kirloskar Oil Engines (KOEL) is currently trading at Rs. 390.00, up by 3.00 points or 0.78% from its previous closing of Rs. 387.00 on the BSE.
The scrip opened at Rs. 394.00 and has touched a high and low of Rs. 399.00 and Rs. 390.00 respectively. So far 645 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 416.00 on 08-May-2017 and a 52 week low of Rs. 252.70 on 23-Jun-2016.
Last one week high and low of the scrip stood at Rs. 399.00 and Rs. 381.15 respectively. The current market cap of the company is Rs. 5639.94 crore.
The promoters holding in the company stood at 59.33%, while Institutions and Non-Institutions held 22.63% and 18.04% respectively.
KOEL has received an approval for acquisition of 100% equity shares of La-Gajjar Machineries (LGM). The board of directors at its meeting held on June 19, 2017 has approved for the same. This is subject to signing of Definitive agreements. The closing is expected to be completed within 3 months subject to fulfilling of conditions as may be specified in the definitive agreements.
LGM is engaged in the manufacturing and sale of Submersibles and monoblock pumps and pumpsets and Stainless steel pumps in the domestic and export markets.
Kirloskar Oil Engines manufactures diesel engines in the range of 2 Kva to 6 MW. The engines are preferred by various services sectors like banks, telecommunication establishments, commercial use buildings, hotels and restaurants.
| Company Name | CMP |
|---|---|
| BHEL | 316.70 |
| Thermax | 4141.20 |
| Kirloskar Oil Eng | 1616.95 |
| Skipper | 433.50 |
| GMM Pfaudler | 931.05 |
| View more.. | |
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