Kirloskar Oil Engines shares jump 20% to a record Rs 2,390.80 after HyperNext data-centre genset order

Kirloskar Oil Engines (KOEL) shares surged 20% in a single session to a record Rs 2,390.80, taking their six-month gain to 82.35%. The rally followed KOEL securing a genset supply order for HyperNext’s 192MW hyperscale data centre, involving 2,500KVA Optimprime Dual Core Systems. On the back of the win, JM Financial upgraded the stock to ‘Buy’ and raised its target price to Rs 2,430. KOEL is also advancing development of 2,750KVA and 3,000/3,300KVA engines, targeting a 6MW marine propulsion engine by FY28, while a Rs 1,400 crore expansion at its Kagal plant is expected to support Rs 500–600 crore in additional annual sales.