Kirloskar Ferrous Industries cheers D-Street
DSIJ Intelligence / 17 Jan 2017
Kirloskar Ferrous Industries cheered D-Street as the company has started its upgraded mini blast furnace (MBF-I) at Koppal plant in Karnataka. Reacting to the news, the company's stock closed with gains of 1.12 per cent. The Koppal plant was closed since September 19, 2016 for upgrading its MBF-I.
The scrip has given a return of 50.54 per cent in the last one year and 55.88 per cent returns on an annualised basis in the last three years. The stock is trading with a P/E of 12.47.
DSP BlackRock Mutual Fund has invested in the stock.
Kirloskar Ferrous Industries, a part of the Kirloskar Group, was incorporated with the objective of catering to the requirement of high quality pig Iron. The company supplies intricate, thin walled grey iron castings for the emerging markets in the tractor, auto, engine and other related segments.
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