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After Kirloskar Electric, it is the turn of Kirloskar Oil Engines to witness a sharp rise. The stock touched an intra-day high of Rs 252.50, before closing at Rs 250.05.

Analysts say that real estate story among the Kirloskar group companies have perked up interest in this stock as well. The company has "developable" tracts of land and this is expected to result in significant flows of income for the company, according to analysts. The counter has been witnessing strong volumes.

Veena Venugopal

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