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Kirloskar Oil Engines moves up as its arm raises Rs 105 crore through NCDs

26 Jun 2020 Evaluate

Kirloskar Oil Engines is currently trading at Rs. 112.50, up by 3.15 points or 2.88% from its previous closing of Rs. 109.35 on the BSE.

The scrip opened at Rs. 111.50 and has touched a high and low of Rs. 112.60 and Rs. 111.00 respectively. So far 475 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 199.00 on 05-Jul-2019 and a 52 week low of Rs. 70.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 119.15 and Rs. 102.30 respectively. The current market cap of the company is Rs. 1615.34 crore.

The promoters holding in the company stood at 59.44%, while Institutions and Non-Institutions held 22.95% and 17.60% respectively.

Kirloskar Oil Engines’ wholly-owned subsidiary -- Arka Fincap has raised Rs 105 crore through issuance of non-convertible debentures (NCDs) and issued 1,050 NCDs aggregating to Rs 105 crore through a private placement.

Kirloskar Oil Engines was incorporated in 1946. KOEL is the flagship company of the Kirloskar group.

Peers
Company Name CMP
Cummins India 4956.00
Kirloskar Oil Engine 2136.50
Greaves Cotton 234.75
Swaraj Engines 3542.80
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