Kirloskar Oil Engines shares surge 18% to record high after cracking Cummins-dominated data centre market (opens original article in a new tab)

Kirloskar Oil Engines shares rose 18% to a 52-week high after winning a 192-megawatt data centre order from HyperNext, marking a significant breakthrough in a market dominated by Cummins.

• Kirloskar Oil Engines shares surged 18% to a 52-week high of Rs 2,360 after securing a 192-megawatt order from HyperNext.
• Analysts view the deal as a major breakthrough for KOEL in the data centre market, where Cummins holds over 80% market share.
• JM Financial and Motilal Oswal upgraded KOEL's stock rating, citing reduced technology gap and strong growth prospects.