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VST Tillers Tractors surges as its JV launches three best-in-class higher HP tractors
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V.S.T. Tillers Tractors is currently trading at Rs. 3321.05, up by 79.80 points or 2.46% from its previous closing of Rs. 3241.25 on the BSE.
The scrip opened at Rs. 3327.80 and has touched a high and low of Rs. 3330.00 and Rs. 3254.05 respectively. So far 224 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 4184.25 on 17-Nov-2023 and a 52 week low of Rs. 2367.00 on 08-May-2023.
Last one week high and low of the scrip stood at Rs. 3667.85 and Rs. 3240.00 respectively. The current market cap of the company is Rs. 2869.23 crore.
The promoters holding in the company stood at 55.63%, while Institutions and Non-Institutions held 18.76% and 25.61% respectively.
VST ZETOR, the joint venture (JV) between VST Tillers Tractors and HTC Investments a.s (Owner of the ZETOR brand), has launched three best-in-class higher HP tractors. The three new tractors launched in the range of 41 to 50 HP are VST ZETOR 4211, VST ZETOR 4511, and VST ZETOR 5011. These products are jointly developed by VST & ZETOR after rigorous testing and technological integration post taking valuable inputs from the farming community in India.
VST Zetor tractors developed at VST Zetor plant in India, features an indigenously made powerful, best-in-class DI Engine, fully constant mesh transmission with helical gears and VZmatic hydraulics. Its wider Platform, dual diaphragm clutch, optimum turning Radius, adjustable premium seat, dual-acting power steering and aerodynamic styling ensure ease of operation with desired comfort. VST ZETOR tractors are best suited for a wide range of applications starting from land preparation to post-harvest operations. It is highly compatible with all heavy-duty non-agriculture tasks along with all primary, secondary tillage and haulage applications of Agriculture.
VST Tillers Tractors was incorporated in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines.
