Kirloskar Oil Engines gained 4.20% to Rs 89.35 at 12:17 IST on BSE after 5.01 lakh shares changed hands in a block deal in the stock at Rs 88 per share at 11:33 IST on BSE.
Meanwhile, BSE Sensex was down 131.90 points or 0.91% at 14,512.25 on weak global cues. US stocks sank on Monday, 18 August 2008, as the prospect of more losses from the mortgage crisis hurt the shares of banks and the two biggest home finance providers, pushing all three major indexes down about 1.5%.
On BSE, 5.42 lakh shares were traded in the counter. The scrip had an average daily volume of 31,011 shares in the past one quarter.
The stock hit a high of Rs 93.45 and a low of Rs 84.05 so far during the day. The stock had a 52-week high of Rs 195.50 on 18 October 2007 and a 52-week low of Rs 78 on 21 July 2008.
The mid-cap scrip had underperformed the market over the past one-month till 18 August 2008, rising 5.67% compared to the Sensex’s 7.41% gain. It had also underperformed the market in the past one quarter, falling 15.06% compared to Sensex’s 16% fall.
The company’s current equity is Rs 38.83 crore. Face value per share is Rs 2.
The current price of Rs 89.35 discounts its Q1 June 2008 annualised EPS of Rs 6.07, by a PE multiple of 14.71.
Kirloskar Oil Engines (KOEL)’s net profit rose 7.7% to Rs 29.45 crore on 16% growth in net sales to Rs 582.26 crore in Q1 June 2008 over Q1 June 2007.
KOEL exports diesel engines, pumpsets and generating sets mainly to Africa, the Middle East, and to other Asian countries.