Escorts Kubota moves up as its Agri Machinery Business Division reports 3.6% growth in July sales
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Escorts Kubota is currently trading at Rs. 4202.55, up by 26.80 points or 0.64% from its previous closing of Rs. 4175.75 on the BSE.
The scrip opened at Rs. 4180.75 and has touched a high and low of Rs. 4220.00 and Rs. 4175.30 respectively. So far 2346 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4410.40 on 21-Jun-2024 and a 52 week low of Rs. 2,529.60 on 02-Aug-2023.
Last one week high and low of the scrip stood at Rs. 4220.00 and Rs. 4025.05 respectively. The current market cap of the company is Rs. 46141.31 crore.
The promoters holding in the company stood at 67.64%, while Institutions and Non-Institutions held 16.80% and 15.55% respectively.
Escorts Kubota’s Agri Machinery Business Division in July 2024 sold 5,769 tractors, registering a growth of 3.6 percent as against 5,570 tractors sold in July 2023.
Domestic tractor sales in July 2024 were at 5,346 tractors, registering a growth of 3.6% as against 5,161 tractors sold in July 2023. With the monsoon progressing well, continuing Government support including an increase in Minimum Support Price (MSP) and increase in sown area of kharif crop, the company anticipates rural demand to improve during the festive months.
Export tractor sales in July 2024 were at 423 tractors registering a growth of 3.4 percent as against 409 tractors sold in July 2023.
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.
