Kirloskar Ferrous Industries Ltd up by 6.05 percent | Espresso

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Espresso Shot of the Day - Kirloskar Ferrous Industries Ltd up by 6.05 percent

February 03, 2023
Espresso Shot of the Day - Kirloskar Ferrous Industries Ltd up by 6.05 percent

KIRLOSKAR FERROUS INDUSTRIES LTD 395.00 (+6.05%) BSE – INE884B01025 | 03rd February 2023

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Kirloskar Ferrous Industries Limited was incorporated in 1991 and has two manufacturing plants. Initially Kirloskar Ferrous Industries Limited was formed with one manufacturing unit at Koppal District, Karnataka. Subsequently, in the year 2007, Shivaji Works Limited located at Solapur, Maharashtra was acquired by the company. Today, Kirloskar Ferrous Industries is one of the fastest growing companies in the business, with core products being Pig Iron, Grey Iron Castings and S. G Iron Castings. The company’s innovative solutions power the automotive industry, infrastructure and construction, agriculture sector and steel plants, partnering with our customers to build a future that is “Limitless”.


Recent Drivers

  • On February 1, 2023, the Board of Directors at its meeting scheduled to be held on February 7, 2023 will also consider declaring Interim Dividend, if any, for the financial year 2022–2023.
  • Kirloskar Ferrous Industries allotted 45,850 equity shares of Rs. 5 each upon exercise of stock options pursuant to 'KFIL Employee Stock Option Scheme 2017' on December 26,2022.
  • On November 9,2022 company reported a net profit of Rs. 82 crores in September 2022.
  • On November 9,2022, the company reported a net sale of Rs. 1,133.47 crores in September 2022, up 18.27% from the Rs. 958.38 crores reported in September 2021.
  • On November 5,2022 Kirloskar Ferrous Industries Limited, a leading castings and pig iron manufacturer, announced the scheme of arrangement and merger to amalgamate and consolidate the entire undertaking business and operations of Indian Seamless Metal Tubes Limited (ISMT). The appointed date of the proposed scheme is April 1, 2023, and all the assets and property of ISMT immediately before the merger date shall stand transferred to KFIL.
        (Sources: BSE, Money control, Business Standard)


Technical Force*

  • S&P BSE small cap month till date loss by 1.22%.
  • 3 months avg. NSE volume: 340,799
  • Quantity traded: 55,294| Deliverable quantity: 29,682 (53.68%)
  • Stock price jumped by more than 110 % from a one-year low level: 184.05 (Feb 24, 2022)
  • Daily RSI (14) is in oversold territory today.
  • 52-week-high:397.00 | 52-week-low: 184.05


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

609.17

489.98

422.12

302.93

235.07

115.88

-

-

Fibonacci Pivot

489.98

418.53

374.39

345.95

302.93

259.91

231.48

187.34

115.88


Today’s Close

395.00

SMA

BSE

10 DAY

367.10

20 DAY

358.97

50 DAY

343.85

200 DAY

266.86


Some Key Ratios (Source: BSE)

Market Cap:  5,485.47 Crores

PE:  17.55

OPM%: 14.09

ROE%:  21.33

Promoters holding%: 56.66

Prev. Close:  372.45


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.