Escorts Kubota gains as its Agri Machinery Segment sales rises 7.3% in August 2022
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Escorts Kubota is currently trading at Rs. 2020.90, up by 26.35 points or 1.32% from its previous closing of Rs. 1994.55 on the BSE.
The scrip opened at Rs. 1984.00 and has touched a high and low of Rs. 2042.35 and Rs. 1972.75 respectively. So far 11477 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,042.35 on 1-Sep-2022 and a 52 week low of Rs. 1287.85 on 02-Sep-2021.
Last one week high and low of the scrip stood at Rs. 2042.35 and Rs. 1731.25 respectively. The current market cap of the company is Rs. 26776.03 crore.
The promoters holding in the company stood at 72.90%, while Institutions and Non-Institutions held 10.44% and 16.66% respectively.
Escorts Kubota’s Agri Machinery Segment in August 2022 sold 6,111 tractors registering a growth of 7.3% as against 5,693 tractors sold in August 2021. Domestic tractor sales in August 2022 was at 5,308 tractors registering a growth of 7.9% as against 4,920 tractors sold in August 2021. During the month, some parts of the country have received heavy rainfall affecting ground activations and general movement. Some pockets are still rain deficient; it remains to be seen how monsoon behaves in September. As festivals start early this year, we should see a better September and most likely a stretched peak selling season of three months. Overall macroeconomic factors and farmer sentiment remain positive.
Export tractor sales in August 2022 was at 803 tractors registering a growth of 3.9% as against 773 tractors sold in August 2021.
Escorts Kubota is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.
