Kirloskar Oil Engines' Stock Sees 5.32% Gain, Outperforms Sector and Sensex

Kirloskar Oil Engines, a leading manufacturer of diesel engines, has seen a positive trend in its stock performance. On August 20, 2024, the company's stock gained 5.32%, outperforming the sector by 3.21%. This has led to a 'Hold' call by MarketsMOJO.

The stock has been on a consecutive rise for the past 3 days, with a total gain of 8.06% during this period. On the same day, the stock reached an intraday high of Rs 1341, a 5% increase from the previous day's closing.

Kirloskar Oil's stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In comparison to the Sensex, Kirloskar Oil's stock has outperformed with a 1-day performance of 5.45% versus Sensex's 0.53%. Similarly, in the past month, the company's stock has shown a 8.94% increase, while the Sensex has only seen a 0.31% rise.

With its strong performance and positive trend, Kirloskar Oil Engines is a company to watch out for in the midcap industry. Investors can hold on to their stocks and expect further growth in the future.