Escorts Kubota shines as its agri machinery segment reports rise of 18.7% in December tractors sales
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Escorts Kubota is currently trading at Rs. 2185.85, up by 45.20 points or 2.11% from its previous closing of Rs. 2140.65 on the BSE.
The scrip opened at Rs. 2147.00 and has touched a high and low of Rs. 2189.10 and Rs. 2144.65 respectively. So far 5524 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. 2195.75 and Rs. 2080.00 respectively. The current market cap of the company is Rs. 28850.13 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 Agri Machinery Segment has sold 5,573 tractors in December 2022, registering a growth of 18.7% as against 4,695 tractors sold in December 2021. Domestic tractor sales in December 2022 were at 4,979 tractors registering a growth of 22.0% as against 4,080 tractors sold in December 2021. Rural sentiments continue to remain favorable on account of good kharif procurement, rabi sowing and better water level in reservoirs. Export tractor sales in December 2022 were at 594 tractors as against 615 tractors sold in December 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.
