Kirloskar Oil inches up on plan to launch a range of smart farm mechanisation machines

14 Aug 2014 Evaluate

Kirloskar Oil Engines is currently trading at Rs. 236.65, up by 0.20 points or 0.08% from its previous closing of Rs. 236.45 on the BSE.

The scrip opened at Rs. 240.00 and has touched a high and low of Rs. 240.00 and Rs. 233.00 respectively. So far 2317 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 286.80 on 17-Jul-2014 and a 52 week low of Rs. 141.00 on 29-Oct-2013.

Last one week high and low of the scrip stood at Rs. 265.95 and Rs. 232.60 respectively. The current market cap of the company is Rs. 3437.47 crore.

The promoters holding in the company stood at 72.71% while Institutions and Non-Institutions held 16.50% and 10.79% respectively.

In a bid to improve agri-productivity, Kirloskar Oil Engines is planning to launch a range of smart farm mechanisation machines. Only a small fraction of farmers can afford the expensive farm mechanisation options available. The launch of smart farm mechanisation machine will not only cater to the mechanisation needs but also ensure that farming is economically viable.

The company is also planning to introduce a range of farm mechanisation products. Further, the company is expanding dealer network to meet and service the growing requirements of the farmers.

Kirloskar Oil Engines manufactures the widest range of diesel engines in India. Its other product range includes irrigation pump sets, diesel generating sets and engine bearings.

 

Kirloskar Oil Eng Share Price

1063.95 6.35 (0.60%)
22-Nov-2024 10:41 View Price Chart
Peers
Company Name CMP
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Kirloskar Oil Eng 1063.95
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