The firm has received Bombay HC nod to merge Pneumatic Holdings and Kirloskar Oil Engines with the company.
Kirloskar Brothers is trading on a gung-ho note in early morning deals on the BSE, on the back of positive news flow.
According to media reports, the firm has received Bombay High Court nod to merge Pneumatic Holdings and Kirloskar Oil Engines with the company.
The stock rallied to a high at Rs. 195, and is now up over 5.5 percent at Rs. 191.
The counter has seen trades of around 1,225 shares on the BSE, as against the two-week daily average volume of 1,141 shares.
Meanwhile, the BSE Sensex has pared early gainers, but still holds gains of 55 points at 26,741.
According to media reports, the firm has received Bombay High Court nod to merge Pneumatic Holdings and Kirloskar Oil Engines with the company.
The stock rallied to a high at Rs. 195, and is now up over 5.5 percent at Rs. 191.
The counter has seen trades of around 1,225 shares on the BSE, as against the two-week daily average volume of 1,141 shares.
Meanwhile, the BSE Sensex has pared early gainers, but still holds gains of 55 points at 26,741.
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