01-01-1970 12:00 AM | Source: Accord Fintech
VST Tillers Tractors zooms on crossing production of 500,000 power tillers at Malur plant
News By Tags | #420 #572 #2754

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel


Download Telegram App before Joining the Channel

V.S.T. Tillers Tractors is currently trading at Rs. 2361.85, up by 191.25 points or 8.81% from its previous closing of Rs. 2170.60 on the BSE.

The scrip opened at Rs. 2197.75 and has touched a high and low of Rs. 2572.00 and Rs. 2197.75 respectively. So far 4289 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2895.50 on 29-Apr-2022 and a 52 week low of Rs. 2046.55 on 12-Oct-2022.

Last one week high and low of the scrip stood at Rs. 2572.00 and Rs. 2097.15 respectively. The current market cap of the company is Rs. 2044.46 crore.

The promoters holding in the company stood at 55.57%, while Institutions and Non-Institutions held 21.00% and 23.42% respectively.

VST Tillers Tractors (VST) has crossed a production milestone of 500,000 power tillers from its state-of-the-art manufacturing plant at Malur - Benguluru in Karnataka. The milestone is a testimony to the customer’s confidence in the VST power tillers. The VST power Tillers has very high customer loyalty and trust, built around the value of being authentic and powerful.

Currently, overall power tiller industry in India is around 60,000 units and it is expected to grow to 100,000 units by the year 2025. VST is the leader in the segment and holds a market share of over 65% in the country. VST is focusing on small farm mechanization and has introduced a wide range of smart farm machines for small and marginal farmers. The company has introduced the electric start power tiller in 16 HP & 9 HP category, range of power weeders, which start from 3.5 hp to 8 hp, range of brush cutters, multi-crop reaper, for the segment.

VST Tillers Tractors was incorporated in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines.