Financial Daily
from THE HINDU group of publications
Thursday, September 20, 2001
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Financial Daily from THE HINDU group of publications Thursday, September 20, 2001 |
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Kirloskar Bros: Windfall order?
THE large order bagged by Kirloskar Brothers for installation of a pumping system from Sardar Sarovar Narmada Nigam Ltd may prop up sentiment in the stock in a moribund market.
The order, said to amount to Rs 444 crore would be substantial in relation to Kirloskar Bros' present scale of operations. This apart, the revenues may be especially welcome at a time when the engineering sector is being buffeted by the slowdown in the d
omestic economy. The stock, currently hovering at Rs 40, may see some buying interest on account of this development. -- BL Research Bureau
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