Escorts has reported ~17% Volume growth in 11MFY21 By Amarjeet Maurya, Angel Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Views On Escorts has reported ~17% Volume growth in 11MFY21 on back of positive macroeconomic By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
Escorts has reported ~17% Volume growth in 11MFY21 on back of positive macroeconomic factors and strong rural cash flows. The supply side situation is normal, but rising inflation continues to be a worry. Hence, the company is taking the price of its tractors from 1st April 2021. There has been a steady rise in commodity prices necessitating a price hike to offset the impact of the inflation. The increase in prices vary from models and variants. Thus, overall this is a positive development for the company, which would support profitability going ahead.
Above views are of the author and not of the website kindly read disclaimer
