Indian markets surrendered early gains to end lower during Thursday's trading session, according to reports from The Economic Times. Despite the broader market decline, realty, auto and metal stocks outperformed the overall market trend. The realty sector benefited from strong demand expectations ahead of the festive season, while auto stocks gained on supportive financing conditions. Metal stocks rose on the back of an improved GDP growth outlook and robust domestic demand.
According to Virat Jagad, Sr Technical Research Analyst at Bonanza Portfolio, as reported by The Economic Times, Kirloskar Brothers is recommended as a buy with a buying zone of ₹2,000-2,010 and a stop-loss at ₹1,900. The target price is set at ₹2,100-2,200. The stock is showing a potential bullish breakout above the descending trendline, supported by a strong candle, improving volume and positive momentum. Kirloskar Brothers is trading above its key 20/50/100/200 EMAs, while RSI at 64.34 indicates strengthening momentum. Similarly, TBO Tek is also recommended as a buy with the same buying zone of ₹2,000-2,010 and stop-loss at ₹1,900, with a target price of ₹2,100-2,200. The stock is showing a strong bullish breakout above the ₹1,600–1,620 resistance zone, supported by a sharp price move and improving volume. TBO Tek is trading above all key EMAs, confirming a positive trend, while RSI at around 72 indicates strong momentum but also an overbought zone, warranting a cautious entry.
TBO Tek Ltd is currently trading at ₹1,667.50 on NSE and ₹1,666.20 on BSE as of August 5, 2026, according to latest market data. The stock has delivered a return of 19.29% in the last 1 year and has a market capitalisation of ₹18,093 crore. The company's P/E ratio stands at 68.35 times, representing an 85 premium to its peers' median range of 36.94 times. The P/B ratio is 11.07 times, significantly higher than the peers' median range of 2.08 times. The stock's 52-week high and low are ₹1,764.80 and ₹1,004.20 respectively, as of August 6, 2026. As per SEBI classification, TBO Tek Ltd is classified as a Small Cap company.
Kirloskar Brothers Limited (KBL) expects data centres, thermal power, and overseas oil and gas projects to remain key growth drivers going ahead, as the pump manufacturer targets double-digit revenue growth and continues to expand its international business. In the first quarter of financial year 2027 (Q1FY27), KBL reported revenue from operations of ₹1,104.9 crore, up 12.9% year-on-year. In FY26, revenue was ₹4,538 crore. As of June 2026, KBL's domestic industrial order book stood at over ₹2,300 crore, while the international industrial order book was around ₹1,500 crore. International business grew around 20% during the April-June period, led by data centres and offshore oil and gas projects. Overseas revenue contributed around 38% to consolidated revenue in Q1, with the company reiterating its long-term ambition of moving towards a 50:50 India-international revenue mix.
The analyst recommendations are based on bullish technical patterns, strong momentum, improving volumes and favourable risk-reward setups for short-term gains, as reported by The Economic Times. These stocks are positioned to benefit from the current market conditions and technical indicators suggest potential upside movement in the near term. The recommendations come from Bonanza Portfolio's technical analysis and are intended for short-term trading opportunities. The current technical analysis supports the continued bullish outlook for both Kirloskar Brothers and TBO Tek, with both stocks showing strong breakout patterns and positive momentum indicators. Looking ahead, KBL identified services and AI as two key strategic priorities, with the company developing an AI platform called 'Colligo' to help identify pumps, diagnose faults and estimate repair costs across its global service network.
