Escorts Kubota rides high after its arm gets RBI certification to commence business of non-banking financial institution
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Escorts Kubota is currently trading at Rs. 4331.90, up by 22.85 points or 0.53% from its previous closing of Rs. 4309.05 on the BSE.
The scrip opened at Rs. 4361.95 and has touched a high and low of Rs. 4422.00 and Rs. 4294.45 respectively. So far 8268 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. 4422.00 and Rs. 4078.00 respectively. The current market cap of the company is Rs. 48142.43 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 wholly owned subsidiary -- Escorts Kubota Finance has been granted Certificate of Registration (COR) by the Reserve Bank of India (RBI) to commence the business of non-banking financial institution without accepting public deposits.
Earlier, Escorts Kubota’s Agri Machinery Business Division had sold 5,614 tractors in August 2024, registering a growth of 0.4 percent as against 5,593 tractors sold in August 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.
