Escorts Kubota moves up as its agri machinery segment reports 8.9% rise in tractors sales in May
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Escorts Kubota is currently trading at Rs. 2189.85, up by 16.75 points or 0.77% from its previous closing of Rs. 2173.10 on the BSE.
The scrip opened at Rs. 2198.10 and has touched a high and low of Rs. 2214.00 and Rs. 2177.15 respectively. So far 6483 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2358.75 on 01-Dec-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. 2214.00 and Rs. 2047.00 respectively. The current market cap of the company is Rs. 28672.01 crore.
The promoters holding in the company stood at 72.90%, while Institutions and Non-Institutions held 12.77% and 14.33% respectively.
Escorts Kubota’s Agri Machinery Business Division has sold 9,167 tractors in May 2023, its highest ever May sales, registering a growth of 8.9 percent as against 8,421 tractors sold in May 2022.
Domestic tractor sales in May 2023 were at 8,704 tractors registering a growth of 13.5 percent against 7,667 tractors sold in May 2022. Export tractor sales in May 2023 were at 463 as against 754 tractors sold in May 2022.
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.
