Kirloskar Brothers' stock is trading at Rs. 1689.25, showing a rise of 69.95 points or 4.32% from its previous close of Rs. 1619.30 on the BSE.

The stock opened at Rs. 1631.10 and has recorded a day's high of Rs. 1713.50 and a low of Rs. 1594.40. A total of 9155 shares have been traded so far.

This BSE group 'A' stock with a face value of Rs. 2 reached a 52-week high of Rs. 2684.70 on July 8, 2024, and a 52-week low of Rs. 803.05 on October 3, 2023. Over the past week, the stock fluctuated between Rs. 1713.50 and Rs. 1577.25. The company's current market capitalization stands at Rs. 13,372.46 crore.

Promoters hold 65.95% of the company, with institutions owning 14.92% and non-institutions holding 19.13%.

Kirloskar Brothers, along with its subsidiary Kolhapur Steel, has signed a Share Subscription and Shareholders Agreement (SSHA) to acquire a 26% equity stake (up to Rs 5 crore) in Sunsure Solarpark Nineteen. This investment aims to support solar power captive consumption under the Electricity Act, 2003.

The acquisition process, including share subscription, will occur in phases, likely within six months from the SSHA execution.

Kirloskar Brothers (KBL) is renowned for manufacturing world-class pumps and systems for fluid management.