Kirloskar Oil Engines shares jumped 20% in early trade on Monday, touching a 52-week high after the company announced it had secured a significant order for large-scale data center infrastructure.
The contract win underscores the growing demand for reliable power generation solutions as hyperscalers and tech firms expand their physical footprint to support AI and cloud computing workloads.
On a year-to-date basis, the shares are up 95%, while delivering multibagger returns of 183% over the last 12 months.
The stock has been on a tear, gaining 43% in the past month and 73% over three months.
On a year-to-date basis, the shares are up 95%, while delivering multibagger returns of 183% over the last 12 months.
The latest order provides tangible revenue visibility for the engine manufacturer, which has benefited from the broader shift toward decentralized and backup power systems in the tech sector.
Kirloskar Oil Engines, a subsidiary of the Kirloskar Group, has traditionally been known for diesel engines and agricultural equipment.