Deven Choksey, KR Choksey Securities is of the view that one can buy Kirloskar Brothers at current levels.
Choksey told CNBC-TV18, "Kirloskar Brothers are in an aggressive growth plan and this company is thriving on the higher growth rate of it's customers segment, which is including the water bodies, which is including the pump supply to the oil and gas expedition industry and I think also to the hydro power and to the nuclear power segment. This company has been expanding further as far as the capacities are concerned and they are growing at the rate of around 50% for at least next two years as it can be seen from the projector numbers. In my view point the company is interestingly placed because the business segment has brought lot of clarity with the kind of demand that they have in the pump segment of India's market, which is growing at around 15% at this point of time. We believe that the Kirloskar Brothers have got big time opportunity available for them as far as making the record gains is concerned at this point of around close to 20 P/E on the forward basis. I think this stock is looking quite interesting for investment because the 50% growth is quite visible at this point of time so we recommend buy on this company."
