India, Oct. 31 -- A weak quarter rarely leaves a bullish call untouched, and this one was no exception. Delayed dispatches, slower execution in a newer business and expanding plants all landed together, hurting margins even as order inflows held up. The brokerage reads this as a timing problem rather than a demand problem, but it hasn't ignored the miss.

With a market capitalization of approximately Rs7,000 crore, the shares of Kirloskar Pneumatic Company Limited were trading at Rs538, with a 52-week range of Rs1,099 to Rs478, and the stock trades at a P/E of approximately 27x.

PL Capital Overview PL Capital has maintained its Buy rating on Kirloskar Pneumatic but cut its target price to Rs790 from Rs861, implying an upside of approxima...