Escorts Kubota rises as its agri machinery segment reports marginal growth in tractors sales in November
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Escorts Kubota is currently trading at Rs. 3174.90, up by 28.75 points or 0.91% from its previous closing of Rs. 3146.15 on the BSE.
The scrip opened at Rs. 3199.35 and has touched a high and low of Rs. 3199.35 and Rs. 3159.15 respectively. So far 1645 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3435.20 on 11-Oct-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. 3248.90 and Rs. 3135.10 respectively. The current market cap of the company is Rs. 34764.41 crore.
The promoters holding in the company stood at 67.64%, while Institutions and Non-Institutions held 16.03% and 16.33% respectively.
Escorts Kubota’s Agri Machinery Business Division has sold 8,258 tractors in November 2023, registering a growth of 3.7% as against 7,960 tractors sold in November 2022. Domestic tractor sales in November 2023 were at 7,855 tractors registering a growth of 6.7% as against 7,359 tractors sold in November 2022. Overall festive demand has been good barring few states where demand was marginally impacted due to scanty and/or unseasonal rainfall. Export tractor sales in November 2023 were at 403 as against 601 tractors sold in November 2022.
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.
