2140 Investors following Kirloskar Bros. Share this News with them.
0
Like this story, share it with millions of investors on M3
Kirloskar Brothers looks interesting: Choksey
Deven Choksey of KR Choksey Securities feels that Kirloskar Brothers is looking interesting. The company has changed its business model fundamentally from a water-pump manufacturer into complete water solution business providers. This company is interestingly placed with a good amount of order book in excess of around Rs 3,000 crore.
Deven Choksey of KR Choksey Securities feels that Kirloskar Brothers is looking interesting. The company has changed its business model fundamentally from a water-pump manufacturer into complete water solution business providers. This company is interestingly placed with a good amount of order book in excess of around Rs 3,000 crore.
Choksey told CNBC-TV18, " Kirloskar Bros has changed its business model fundamentally. Only from a water-pump manufacturer they are into a complete water solution business providers. Aspiring to get into the first five of the world market players in next around 7-8 years time. Along with that around Rs 40,000 crore worth of expenditure, which is going to go into the rural India by the government as per last budget and it is going to be increasing hereafter."
He further added, "This company is interestingly placed with a good amount of order book in excess of around Rs 3,000 crore. So in my viewpoint this company looks fundamentally quite okay. On an earnings side also we find that the stock is reasonably placed though little bit on the higher side at around 20 PEs, still it is offering a kind of a growth, which is around 50% plus. So in my viewpoint the stock looks interesting from the investment point of view for people who are looking at midcaps stories."
