2025-01-29 09:18:49 am | Source: Motilal Oswal Financial Services Ltd
Neutral ESCORTS Ltd For Target Rs. 3,560 by Motilal Oswal Financial Services Ltd
* Escorts has underperformed the market leader and posted just 4.5% YoY growth in tractors in 3Q.
* Given a seasonally strong quarter for tractors, we expect margins to improve 120bp QoQ to 12%.
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