Short term swing trade (A): Capital Goods stock | Indian stock trading picks on 28 Apr 2026

NOTE

Closing Price: ₹1,681 (as of Apr 27, 2026)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Kirloskar Oil Engines manufactures diesel engines, generator sets, pump sets, and a wide range of engineering products used across industries. Its business spans power generation, industrial engines, agriculture equipment, and water management solutions, serving sectors like infrastructure, telecom, defense, manufacturing, and agriculture. The company also provides after-sales services, spares, and financial services, making it a diversified engineering player. Founded in 1946 and headquartered in Pune, it has a strong presence in both domestic and international markets.

Website: https://kirloskaroilengines.com/

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

Kirloskar Oil Engines reported a strong Q3, with record sales and profit growth (revenue +29%, profit +90% YoY).
Growth was broad-based, led by powergen, industrial, distribution, and aftermarket segments; construction & mining lagged slightly.
Profitability improved, with EBITDA margin rising to 12.2% due to better efficiency and cost control.
The company maintained healthy cash flows and a net cash position with disciplined working capital.
Outlook remains positive, with management confident about sustaining growth momentum and expanding capabilities.

Financial Highlights

Metric	Q3 FY26 Dec 2025	Q2 FY26 Sep 2025	QoQ Change	Q3 FY25 Dec 2024	YoY Change
Revenue from Operations (Rs cr)	1,872.60	1,948.38	-3.9%	1,453.70	28.8%
Operating Profit (Rs cr)	331.0	382.0	-13.4%	255.0	29.8%
Operating Margin (OPM %)	18.0%	20.0%	-200 bps	18.0%	Flat
Net Profit / PAT (Rs cr)	109.13	159.19	-31.4%	67.89	60.7%
Basic EPS (Rs)	7.66	11.13	-31.2%	4.91	56.0%

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

The stock has broken out of an inverted head & shoulders pattern and successfully retested the breakout level.
It is now trading at all-time highs, indicating continued bullish momentum in the near term.

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Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	69.38	Overbought
CCI-14	94.35	Overbought
ROC	14.71	Positive
Stochastic %K	81.21	Bullish
William %R	-5.08	Overbought
MFI	76.37	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	1636	Above
10 EMA	1597	Above
20 EMA	1547	Above
50 EMA	1446	Above
100 EMA	1329	Above
200 EMA	1202	Above

Conclusion

Kirloskar Oil Engines Stock Price Forecast

Based on our stock market swing trading advice, the Kirloskar Oil Engines stock price target will be INR 1740 - INR 1750 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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