Is Kirloskar Oil Engines stock running ahead of fundamentals after 25% jump this week?

Kirloskar Oil Engines shares hit a 52-week high after winning a 192MW data-centre genset order from HyperNext, breaking into a segment dominated by Cummins. Strong FY26 numbers, capacity expansion and a narrowing valuation gap versus Cummins are fuelling the re-rating.

Kirloskar Oil Engines Ltd’s shares jumped 20% on Monday, and rose another 3% on Tuesday, hitting a new 52-week high of ₹2,720, after a big-ticket order award. The order from a digital infrastructure company, HyperNext, involves the supply of 96 units of 2,500 KVA power generators (gensets), totalling 192 megawatts (MW) for its data centres.