Top Trending Stock: Investors broke down to buy this stock, stock reached top trending, signs of further growth – kirloskar industries limited’s share reached in top trending

Mumbai: The stock market is seeing a decline on Monday. Markets opened with losses due to weak global cues. Nifty is trading near its recent low. However, despite the fall in the market, the stock of Kirloskar Industries Limited is seeing a boom. This stock remains in top trending. The stock is also close to setting a new record lifetime high.

Stock Kirloskar Industries Limited is engaged in the business of wind power generation and real estate. The company has land, buildings, apartments and offices in Pune, New Delhi and Jaipur. The company has given most of these land, buildings and offices on lease and license basis to the group and other companies.

The company’s standalone business mainly consists of dividend income from group companies and property licensing fees. The company has registered a healthy profit growth of 20.6% CAGR in the last 5 years. The company’s shares are looking strong on the technical charts as well. The stock is currently trading well above a technical breakout on the monthly and daily charts.

Today the stock is trading higher by more than 3.31%. All short-term and long-term moving averages and the 14-day period RSI (64) are turning bullish. Investors can add it to their portfolio to earn profits.

This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.

(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified. .)