&w=3840&q=100)
Microcap stock hits multi-year high, up 20% in weak market on huge volumes
Shares of Kinetic Engineering hit a multi-year high of ₹351.75, zooming 20 per cent on the BSE in Thursday's intraday trade, in an otherwise weak market. The stock price of the microcap auto ancillary company was trading close to its all-time high level of ₹380, which it touched on June 17, 1996.
At 02:08 PM, Kinetic Engineering shares were quoting 17 per cent higher at ₹342.35 as compared to a 0.22 per cent decline in the BSE Sensex. Average trading volumes on the counter jumped over 10-fold, with 409,000 shares changing hands on the BSE till the time of writing this report, data shows.
In the past one week, the stock price of Kinetic Engineering has surged 35 per cent. Further, it has zoomed 146 per cent from its 52-week low of ₹143, touched on January 13, 2025.
Currently, Kinetic Engineering is trading 'X' group on the BSE. Equity shares classified under 'X' group are only listed/traded on the BSE. The company's market capitalisation stands at ₹801 crore.
What's driving the Kinetic Engineering stock price higher?
In May 2025, Kinetic Engineering announced that it has, officially, granted a brand license to its subsidiary company, Kinetic Watts and Volts Ltd. (KWV), to enter the electric vehicle (EV) segment.
Kinetic Watts and Volts Ltd., incorporated on September 27, 2022, was established with the mandate to explore alternative opportunities in the electric vehicle space.
Under the agreement, KWV will have the non-exclusive right to use the Kinetic brand name and trademarks for its EV business, for an initial period of three years. At the end of the initial three-year licensing period, Kinetic Engineering and KWV will review and renew the licensing terms to align with the group's long-term vision, market dynamics, and any potential expansion into new categories or international markets.
Kinetic Engineering is a key supplier of EV components including gearboxes, axles, and chassis, playing a crucial role in India's evolving EV supply chain. Additionally, Kinetic Group recently ventured into the battery manufacturing sector under a separate group company operating under the brand 'Range X', further expanding its footprint across the electric mobility ecosystem.
Kinetic Engineering is the flagship company of the Kinetic Group, with over five decades of manufacturing excellence. Headquartered in Pune and led by Ajinkya Firodia, Vice Chairman & Managing Director, Kinetic Engineering has been a pioneer in India's automotive industry.
The company is engaged in the manufacturing and supply of automotive components. The company caters to both domestic and international markets. The company's clientele includes Renault, American Axle, Tata Motors, Mahindra & Mahindra, Ashok Leyland, Magna Powertrain, Sonalika Tractors, Carraro Products, among others.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Standard
an hour ago
- Business Standard
INR extends decline to one-month low
The Indian rupee depreciated 14 paise to close at a one-month low of 86.30 (provisional) against the US dollar on Monday due to consistent dollar demand from oil importers. After breaching the crucial 86 level, the rupee continued its decline, which intensified the downward trend, tracking a strengthening dollar index. Meanwhile, recovery in Indian shares also supported the counter. The benchmark S&P/BSE Sensex reversed early losses to end the session up 442.61 points, or 0.54 percent, at 82,200.34, with a weakening dollar and lower oil prices offering some support. The broader NSE Nifty index closed up 122.30 points, or 0.49 percent, higher at 25,090.70. At the interbank foreign exchange, the domestic unit opened at 86.27 against the greenback and touched an intra-day high of 86.19 and a low of 86.36 against the greenback.


Business Standard
3 hours ago
- Business Standard
Eternal's Q1 PAT tumbles 90% YoY to Rs 25 cr
Eternal reported a 90.12% decline in consolidated net profit to Rs 25 crore despite a 70.4% jump in revenue from operations to Rs 7,167crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) dropped 63.18% to Rs 88 crore from Rs 239 crore in Q1 FY25. Net order value (NOV) of the companys B2C businesses grew 55% YoY to Rs 20,183 crore in Q1FY26. The companys B2B business Hyperpures revenue grew 89% YoY. It expects de-growth in this business in the next few quarters. In food delivery business, adjusted revenue jumped 10% YoY to Rs 2,657 crore during the quarter while adjusted EBITDA surged 138% to Rs 451 crore in Q1 FY26 as against Rs 313 crore in Q1 FY25. NOV jumped 13% YoY to Rs 8,967 crore in Q1 FY26. Average monthly transacting customers increased 12.81% to 22.9 million in Q1 FY26 as against 20.3 million in Q1 FY25. Adjusted revenue from quick commerce surged 155% to Rs 2,400 crore during the quarter from Rs 942 crore in Q1 FY25. NOV grew 127% YoY driven by a 123% YoY growth in average monthly transacting customers (MTC) from 7.6 million to 16.9 million over the past year. Average order value stood at Rs 669 in Q1 FY26, up 7.06% compared with Rs 625 in Q1 FY25. The company added 243 net new stores this quarter, taking store count to 1,544 stores by the end of the quarter. The company remains on track to reach 2,000 stores by Dec 2025 In going out business, like-for-like numbers (excluding the impact of the acquired business) in Q3FY25, Q4FY25 and Q1FY26 for (a) GOV growth are 119% YoY, 45% YoY and 37% YoY respectively, (b) NOV growth are 120% YoY, 49% YoY and 35% YoY respectively, and (c) Revenue growth are 136% YoY, 49% YoY and 52% YoY respectively. Of the Rs 370 crore capex incurred in Q1FY26, around Rs 310 crore was on account of the expansion of our quick commerce store and warehouse network (the Rs 310 crore figure seems high in the context of the 243 net new stores added since it also includes certain payouts for expansion executed in the previous quarter). The balance Rs 60 crore of capex was incurred largely towards investments in Bistro kitchens and for the usual IT hardware and other requirements across our businesses, the company stated in regulatory filing. Eternal is an Indian multinational technology company. It is the parent company of Zomato, Blinkit, District and Hyperpure. The counter rallied 5.38% to settle at Rs 271.20 on the BSE.


News18
4 hours ago
- News18
Eternal shares surge nearly 6 pc; market valuation jumps Rs 13,365.74 cr
New Delhi, Jul 21 (PTI) Shares of food delivery and quick commerce firm Eternal, which owns Zomato and Blinkit brands, jumped nearly 6 per cent on Monday post June quarter earnings announcement. The stock surged 5.38 per cent to settle at Rs 271.20 apiece on the BSE. During the day, it climbed 7.55 per cent to Rs 276.80. On the NSE, shares of the firm jumped 5.63 per cent to Rs 271.70 each. The company's market valuation zoomed Rs 13,365.74 crore to Rs 2,61,717.51 crore. The stock emerged as the biggest gainer among the Sensex and Nifty firms. Eternal on Monday reported a consolidated net profit of Rs 25 crore for the June quarter, as continuing investments in quick commerce and going-out businesses weighed down on its bottom line. The company, which re-branded itself as Eternal in March, had reported a net profit of Rs 253 crore in the year-ago period. In a regulatory filing, Eternal said the results are not comparable with the corresponding quarter last year on account of the acquisition of Orbgen Technologies Pvt Ltd and Wasteland Entertainment Pvt Ltd, holding the 'movies ticketing' and the 'events' businesses, respectively, from One 97 Communications Ltd, (Paytm's parent firm) which was completed in August 2024. During the quarter under review, Eternal's revenue from operations stood at Rs 7,167 crore, up from Rs 4,206 crore a year ago, the company said in a regulatory filing, adding, for the first time, its quick commerce net order value (NOV) exceeded food delivery NOV for the full quarter. The company's total expenses also jumped to Rs 7,433 crore, from Rs 4,203 crore in the corresponding period of the previous fiscal. PTI SUM SUM SHW SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 21, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.