ICICI Securities has initiated coverage on Kirloskar Oil Engines with a BUY rating and a sum-of-the-parts target of Rs 2,850, implying about 28 percent upside from the current price of Rs 2,230.

Kirloskar Oil Engines Limited (KOEL) has been reaffirmed as a BUY by IDBI Capital Markets Securities, following its impressive Q2FY26 financial performance and robust demand outlook.