Escorts Kubota surges as its construction equipment segment reports 16% growth in January sales
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Escorts Kubota is currently trading at Rs. 2932.45, up by 49.85 points or 1.73% from its previous closing of Rs. 2882.60 on the BSE.
The scrip opened at Rs. 2879.90 and has touched a high and low of Rs. 2933.20 and Rs. 2879.90 respectively. So far 1266 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. 3057.25 and Rs. 2878.00 respectively. The current market cap of the company is Rs. 32300.85 crore.
The promoters holding in the company stood at 67.64%, while Institutions and Non-Institutions held 15.55% and 16.81% respectively.
Escorts Kubota’s Construction Equipment Segment has sold 525 machines in January 2024, registering a growth of 16.2% as against 452 machines sold in January 2023. With continued steady progress on ongoing projects, the company expects the construction equipment industry's current growth momentum to persist.
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.
