Escorts Kubota gains as its construction equipment segment records 28.8% rise in sales in November
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Escorts Kubota is currently trading at Rs. 2288.60, up by 2.30 points or 0.10% from its previous closing of Rs. 2286.30 on the BSE.
The scrip opened at Rs. 2286.30 and has touched a high and low of Rs. 2299.60 and Rs. 2273.65 respectively. So far 2884 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2303.40 on 28-Nov-2022 and a 52 week low of Rs. 1400.00 on 30-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2303.40 and Rs. 2180.60 respectively. The current market cap of the company is Rs. 30143.15 crore.
The promoters holding in the company stood at 72.90%, while Institutions and Non-Institutions held 12.38% and 14.72% respectively.
Escorts Kubota’s Construction Equipment Segment in November 2022 has sold 402 machines, registering a growth of 28.8% as against 312 machines sold in November 2021. Post Monsoon, demand has started picking up and going forward, with big tail of projects under various stages of execution, company expect demand to remain positive on Construction Equipment for balance of this fiscal year too.
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.
