Escorts Kubota shines as its arm to commence business activities of non-banking financial institution
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Escorts Kubota is currently trading at Rs. 3619.80, up by 107.20 points or 3.05% from its previous closing of Rs. 3512.60 on the BSE.
The scrip opened at Rs. 3560.00 and has touched a high and low of Rs. 3662.85 and Rs. 3560.00 respectively. So far 6666 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. 3407.05 respectively. The current market cap of the company is Rs. 40472.90 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 wholly owned subsidiary -- Escorts Kubota Finance is planning to commence its business activities of non-banking financial institution without accepting public deposits from November 26, 2024.
Earlier, Escorts Kubota’s Agri Machinery Business Division in October 2024 sold 18,110 tractors, registering a growth of 19.8% as against 15,113 tractors sold in October 2023. During the month of October, the industry experienced a notable increase in demand due to concentration of various festivals and auspicious days in a single month, leading to record sales levels.
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.
