Escorts has reported ~17% Volume growth in 11MFY21 By Amarjeet Maurya, Angel Broking Ltd
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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.
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