Kirloskar Oil Engines surges 18%, hits over 5-yr high after huge block deal

As many as 25.62 million equity shares, representing 17.7 per cent of total equity, worth Rs 825 crore of KOEL changed hands on the NSE, the exchange data shows

Shares of Kirloskar Oil Engines (KOEL) moved higher by 18 per cent to Rs 384.30, also its 52-week high, on the National Stock Exchange (NSE) in Wednesday's intra-day trade after over 25 million equity shares of the company changed hands on the exchange via block deal.

The stock surpassed its previous high of Rs 371.65, hit on November 18, 2022. It was trading at its highest level since February 2018. In the past one year, the stock has zoomed 200 per cent as compared to 12 per cent rise in the S&P BSE Sensex.

As many as 25.62