Designed by: Mohsin Shaikh
Produced by: Harshita Tyagi
Shares of Kirloskar Electric Company have been in an uptrend, and the stock has delivered more than 40% return in the last one month, whereas in year-to-date (YTD) time, this small-cap stock has almost doubled shareholders' money by delivering more than 80% return
In the last one year, Kirloskar Electric shares have rallied over 400%. This LIC-backed multibagger stock has jumped over 70% in the last six months
Kirloskar Electric share price has been hitting new lifetime highs on a regular basis. In the last one month, it has risen from around Rs 83 to Rs 116 apiece levels, logging near 41% rise in this time
In the last one year, this LIC-backed small-cap company's share price shot up from Rs 22.30 to hit a high of Rs 125 apiece levels, delivering returns to the tune of 450% to its long-term investors
In terms of technicals, the relative strength index (RSI) of the stock stands at 75.9, signalling it’s strongly overbought. Kirloskar Electric shares have a beta of 1.2, indicating high volatility in a year. Kirloskar Electric shares are trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages
If an investor had invested Rs 1 lakh in this small-cap stock at the beginning of 2023, their investment would have turned to Rs 1.80 lakh today. However, if an investor had invested in this stock six months ago, the Rs 1 lakh would have become Rs 1.71 lakh today
If an investor had invested Rs1 lakh in Kirloskar Electric stock one year ago, their Rs 1 lakh would have turned to Rs 5.2 lakh today, given that the stock has rallied around 420% during this period
According to the shareholding pattern of Kirloskar Electric Company for January to March 2023 quarter, Life Insurance Corporation of India (LIC) holds 8,34,457 shares of Kirloskar Electric, which is 1.26% of total paid up capital of the company
10 promoters held 49.51% stake in the firm and 62,202 public shareholders owned 50.49% for the quarter ended March 2023. Of these, 61,075 public shareholders held 1.90 crore shares or 28.67% stake with capital up to Rs 2 lakh. Only 158 shareholders with 12.09% stake held capital above Rs 2 lakh for the quarter ended March 2023. 18 banks held 0.25% stake in Q4FY23
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