India's Kirloskar Oil Engines at record high after co invests in US unit

Kirloskar Oil Engines

30/11/2023 07:04

** Shares of Kirloskar Oil Engines  KIRO.NS  rise 4.2% to a
record high of 586 rupees
    ** Engine maker invests $2.5 million in shares of U.S. unit;
U.S. unit acquires 51% stake in Engines LPG LLC at about
$357,000
    ** Stock above 50-, 100- and 200-day moving avgs for 5
straight sessions, rising 10% during the course
    ** Including session's gains, stock up 81% so far this year,
its third straight year of annual gains

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))