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14-Feb2019

Kirloskar Oil Engines gains on aiming to invest Rs 150 crore in capex during FY20

Kirloskar Oil Engines is currently trading at Rs. 162.65, up by 0.95 points or 0.59% from its previous closing of Rs. 161.70 on the BSE.

The scrip opened at Rs. 162.00 and has touched a high and low of Rs. 166.55 and Rs. 162.00 respectively. So far 21 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 391.75 on 15-Feb-2018 and a 52 week low of Rs. 160.00 on 13-Feb-2019.

Last one week high and low of the scrip stood at Rs. 172.00 and Rs. 160.00 respectively. The current market cap of the company is Rs. 2408.54 crore.

The promoters holding in the company stood at 59.34%, while Institutions and Non-Institutions held 23.71% and 16.95% respectively.

Kirloskar Oil Engines (KOEL) is aiming to infuse Rs 150 crore in capex during the next financial year to meet the new emission norms for industrial engines business. The company's capex for the current fiscal is Rs 110 crore in various projects.

Kirloskar Oil Engines manufactures diesel engines. The engines are preferred by various services sectors like banks, telecommunication establishments, commercial use buildings, hotels and restaurants.


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