Stock To Buy: Motilal Oswal Sees 19.6% Rally In Small Cap Engineering Stock, TP Rs 710

Motilal Oswal has assigned buy rating to small cap stock from engineering sector, Kirloskar Oil Engines Ltd with target price of Rs 710 per share. Current market price of Kirloskar Oil Engines share on BSE is Rs 593.65 with intraday gain of 1.70%. Kirloskar Oil Engines shares rallied 202% in last 2-years.

If you buy Kirloskar Oil Engines stock now at last trading price of Rs 593.65 apiece, you can fetch likely return of 19.6%. Check details below:

Kirloskar Oil Engines Stock Performance & Return: The stock's 52-week high price is Rs 605.25 per share and 52-week low price is Rs 284.05 per share, respectively. The company has a market capitalisation of Rs 8601.29 crore. Kirloskar Oil Engines shares soared 45% in last 6-months, gained 88% year-to-date, jumped 77% in last 1-year, and offered return of 202% in last 2-years, and gave return of 389% in last 3-years. In last 5-years, Kirloskar Oil Engines shares gained 193% in last 5-years.

Kirloskar Oil Engines Financials: The company for the quarter ended September 2023 declared its net sales at Rs 1304.83 crore, up 6.25% as compared to Rs 1228.12 crore in the corresponding quarter of last year. The company announced its quarterly net profit at Rs 77.97 crore for September 2023, down 6.96% from Rs 83.80 in the same quarter of last year. The company declared its EBITDA at Rs 209.60 crore in September 2023, up 12.58% from Rs 186.18 crore in September 2022. Its EPS declined to Rs 5.38 in September 2023 from Rs 5.79 in September 2022.

Kirloskar Oil Engines About: Kirloskar Oil Engines (KOEL) was incorporated in June 1978. The company is engaged in manufacturing of diesel engines. It is part of Kirloskar group of companies that has business interest in several sectors like manufacturing, oil and gas, power, construction and mining, agriculture, industry and transport, among others. KOEL is engaged in the manufacturing of diesel engines in the range of 2 Kva to 6 MW.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.