Escorts Kubota jumps after its construction equipment segment reports 52% growth in sales in September
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Escorts Kubota is currently trading at Rs. 3211.00, up by 88.70 points or 2.84% from its previous closing of Rs. 3122.30 on the BSE.
The scrip opened at Rs. 3122.00 and has touched a high and low of Rs. 3231.95 and Rs. 3086.00 respectively. So far 12850 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3344.00 on 30-Aug-2023 and a 52 week low of Rs. 1809.95 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3318.00 and Rs. 3065.00 respectively. The current market cap of the company is Rs. 35381.54 crore.
The promoters holding in the company stood at 67.64%, while Institutions and Non-Institutions held 15.46% and 16.90% respectively.
Escorts Kubota’s Construction Equipment Segment has sold 592 machines, registering a growth of 51.8 percent as against 390 machines sold in September 2022. Construction equipment industry growth momentum continued in the month of September and going forward, the company expects growth to accelerate further, during festive season, led by overall growth in infrastructure development of nation, supported by higher CAPEX outlay.
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.
