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Escorts Kubota declines as its construction equipment segment reports 14% fall in November sales
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Escorts Kubota is currently trading at Rs. 3533.55, down by 21.65 points or 0.61% from its previous closing of Rs. 3555.20 on the BSE.
The scrip opened at Rs. 3539.95 and has touched a high and low of Rs. 3558.85 and Rs. 3433.50 respectively. So far 18926 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4422.00 on 27-Sep-2024 and a 52 week low of Rs. 2647.45 on 09-Feb-2024.
Last one week high and low of the scrip stood at Rs. 3662.85 and Rs. 3433.50 respectively. The current market cap of the company is Rs. 39285.87 crore.
The promoters holding in the company stood at 68.04%, while Institutions and Non-Institutions held 16.53% and 15.43% respectively.
Escorts Kubota’s Construction Equipment Business Division in November 2024 sold 481 machines as against 557 machines sold in November 2023, i.e. down by 13.64%. Construction equipment markets have been impacted due to monsoons, delays in project mobilization, and low rental rates.
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.
