Powered by: Motilal Oswal

News

Indian auto parts supplier Sona Comstar looks East for growth Indian auto component maker Sona Comstar, supplier to companies such as Ford and Stellantis, is in talks with carmakers in China, Japan and South Korea as it looks to expand beyond its main markets of North America and Europe. In an interview, Group CEO Vivek Vikram Singh said Sona Comstar was in "active discussions" with automakers in these regions to supply components for electric and hybrid cars, as well as internal combustion engine vehicles. He did not identify the carmak...
Indian auto parts supplier Sona Comstar looks East for growth
Indian auto parts supplier Sona Comstar looks East for growth
Source: Reuters
2024-12-12 05:54:33 pm
Escorts Kubota declines as its construction equipment segment reports 14% fall in November sales Escorts Kubota is currently trading at Rs. 3533.55, down by 21.65 points or 0.61% from its previous closing of Rs. 3555.20 on the BSE. The scrip opened at Rs. 3539.95 and has touched a high and low of Rs. 3558.85 and Rs. 3433.50 respectively. So far 18926 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 scri...
Escorts Kubota declines as its construction equipment segment reports 14% fall in November sales
Escorts Kubota declines as its construction equipment segment reports 14% fall in November sales
Source: Accord Fintech
2024-12-02 02:37:37 pm
Escorts Kubota shines as its arm to commence business activities of non-banking financial institution 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 ...
Escorts Kubota shines as its arm to commence business activities of non-banking financial institution
Escorts Kubota shines as its arm to commence business activities of non-banking financial institution
Source: Accord Fintech
2024-11-25 03:27:25 pm
Neutral Escorts Kubota Ltd. For Target Rs.3,560 By Motilal Oswal Financial Services Ltd Tractor demand set to revive from H2 Positives seem priced in * Escorts Kubota’s (ESCORTS) 2QFY25 operating performance was stable YoY as the company reported flattish revenue/EBITDA growth YoY. The recent amalgamation with group companies has led to 150-200bp margin dilution for the business, given the higher mix of imports. * To factor in for the same, we have cut our EPS estimate by ~11% for FY26E, keeping FY25E the same. The recent divestment of its Railways business on a s...
Neutral Escorts Kubota Ltd. For Target Rs.3,560 By Motilal Oswal Financial Services Ltd
Neutral Escorts Kubota Ltd. For Target Rs.3,560 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-24 04:12:06 pm
Neutral Escorts Kubota Ltd For Target Rs. 3,693 by Yes Securities Ltd Growth outlook improving View – Recent stock correction yet not make risk reward favorable Escorts Kubota (ESCORTS) 2QFY25 results were weak led by first quarter of amalgamation of EKI and KAM. While CE/railways business performance was in-line, lower than expected margins in FES led EBITDA margins at 10.8% (flat YoY/ -240bp QoQ). Margins expansion for the merged entity to likely be gradual given full benefits of localization etc. to only kick-in over 2-3 years. However, improved ...
Neutral Escorts Kubota Ltd For Target Rs. 3,693 by Yes Securities Ltd
Neutral Escorts Kubota Ltd For Target Rs. 3,693 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-20 05:41:47 pm
India`s Escorts Kubota beats Q2 profit view on agricultural machinery growth India's Escorts Kubota reported second-quarter profit above estimates on Thursday, helped by growth in its agricultural machinery segment. The company reported standalone net profit of 3.27 billion rupees ($38.8 million) in the three months ended Sept 30. Analysts were expecting a profit of 2.63 billion rupees, according to data compiled by LSEG. Revenue rose 0.5% to 24.76 billion rupees, while expenses rose by 0.7% to 22.81 billion rupees. For further results highlights, click ...
India`s Escorts Kubota beats Q2 profit view on agricultural machinery growth
India`s Escorts Kubota beats Q2 profit view on agricultural machinery growth
Source: Reuters
2024-11-07 05:23:37 pm
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital Coal India Ltd CMP: 487 | Entry Range: On declines till 470 Target (TGT): 545/580/610 | Stop Loss (SL): 450 * After making the highs of 543 zones, stock has corrected over 10% in recent times and been consolidating. On daily chart basis, time and again the stock has shown strong reversals from 475 levels. * The stock has seen trend turning upside on weekly basis – up by 4%, with short covering visible aggressively. Chain also reflects good support built-up by PE writers around ...
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-29 10:48:24 am
Sona BLW jumps on inking pact to acquire Escorts Kubota`s Railways Equipment Division Sona BLW Precision Forgings is currently trading at Rs. 700.00, up by 57.55 points or 8.96% from its previous closing of Rs. 642.45 on the BSE. The scrip opened at Rs. 668.25 and has touched a high and low of Rs. 709.80 and Rs. 662.90 respectively. So far 144825 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 767.80 on 23-Sep-2024 and a 52 week low of Rs. 489.00 on 25-Oct-2023. Last one week high and low of the...
Sona BLW jumps on inking pact to acquire Escorts Kubota`s Railways Equipment Division
Sona BLW jumps on inking pact to acquire Escorts Kubota`s Railways Equipment Division
Source: Accord Fintech
2024-10-24 10:04:47 am
Escorts Kubota rides high after its arm gets RBI certification to commence business of non-banking financial institution Escorts Kubota is currently trading at Rs. 4331.90, up by 22.85 points or 0.53% from its previous closing of Rs. 4309.05 on the BSE. The scrip opened at Rs. 4361.95 and has touched a high and low of Rs. 4422.00 and Rs. 4294.45 respectively. So far 8268 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 s...
Escorts Kubota rides high after its arm gets RBI certification to commence business of non-banking financial institution
Escorts Kubota rides high after its arm gets RBI certification to commence business of non-banking financial institution
Source: Accord Fintech
2024-09-27 03:55:43 pm
NEUTRAL Escorts Kubota Ltd For Target Rs. 3,918 By Yes Securities Valuation & View – Margins to sustain; MTBP revision key to watch for Escorts Kubota (ESCORTS) 1QFY25 results were steady with no major surprises across parameters. While tractor business performance was in-line, higher than expected margins in Railways and Construction equipment (CE) led ~5% EBTDA beat to our estimates. EBITDA margins at 14.3% (+30bp YoY/ +150bp QoQ, est 13.7%) likely sustain given improved volume outlook on tractors, price hikes undertaken to negate recent RM i...
NEUTRAL Escorts Kubota Ltd For Target Rs. 3,918 By Yes Securities
NEUTRAL Escorts Kubota Ltd For Target Rs. 3,918 By Yes Securities
Source: Yes Securities Ltd
2024-08-22 11:50:36 am
Escorts Kubota moves up as its Agri Machinery Business Division reports 3.6% growth in July sales Escorts Kubota is currently trading at Rs. 4202.55, up by 26.80 points or 0.64% from its previous closing of Rs. 4175.75 on the BSE. The scrip opened at Rs. 4180.75 and has touched a high and low of Rs. 4220.00 and Rs. 4175.30 respectively. So far 2346 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4410.40 on 21-Jun-2024 and a 52 week low of Rs. 2,529.60 on 02-Aug-2023. Last one week high and low of the scrip ...
Escorts Kubota moves up as its Agri Machinery Business Division reports 3.6% growth in July sales
Escorts Kubota moves up as its Agri Machinery Business Division reports 3.6% growth in July sales
Source: Accord Fintech
2024-08-01 10:14:43 am
NEUTRAL Escorts Kubota Ltd. For Target Rs. 3,232 - Yes Securities In-line; Valuations fully reflect merger synergies Valuation and View – Growth challenges in tractors led by high base Escorts Kubota (ESCORTS) 4QFY24 results were steady with no major surprises across parameters. Better ASP, operating leverage and cost passthrough led construction equipment (CE) EBIT margins highest at 10.7% (+260bp YoY/ +240bp QoQ). However, the contraction in agri segment EBIT margins to 11.2% (+120bp YoY/ -270bp QoQ) is sharper than expected. The sustenance o...
NEUTRAL Escorts Kubota Ltd. For Target Rs. 3,232 - Yes Securities
NEUTRAL Escorts Kubota Ltd. For Target Rs. 3,232 - Yes Securities
Source: Yes Securities Ltd.
2024-06-24 12:56:45 pm
Neutral Escorts Kubota Ltd. For Target Rs.3,145 - Motilal Oswal Financial Services Performance in line; near-term outlook remains weak Tractor industry to witness low-to-mid-single-digit growth in FY25 * Escorts Kubota (Escorts)’s 4QFY24 result was broadly in line. Standalone EBITDA margin came in at 12.8% (down 70bp QoQ). The near-term business outlook appears weak, especially for the agri segment, due to the ongoing election, lower groundwater level, and weak Rabi output. * We raise our EPS by ~7%/12% for FY25E/26E due to a healthy improvement in margins ...
Neutral Escorts Kubota Ltd. For Target Rs.3,145 - Motilal Oswal Financial Services
Neutral Escorts Kubota Ltd. For Target Rs.3,145 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-16 09:58:07 am
Escorts Kubota gains on planning to invest Rs 4,500 crore over next 3 to 4 years for new plant Escorts Kubota is currently trading at Rs. 3596.00, up by 41.20 points or 1.16% from its previous closing of Rs. 3554.80 on the BSE. The scrip opened at Rs. 3554.75 and has touched a high and low of Rs. 3617.20 and Rs. 3510.00 respectively. So far 12962 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3617.20 on 13-May-2024 and a 52 week low of Rs. 2,034.00 on 25-May-2023. Last one week high and low of the scrip...
Escorts Kubota gains on planning to invest Rs 4,500 crore over next 3 to 4 years for new plant
Escorts Kubota gains on planning to invest Rs 4,500 crore over next 3 to 4 years for new plant
Source: Accord Fintech
2024-05-13 12:49:40 pm
India`s Escorts Kubota misses Q3 profit view on lower tractor demand Indian tractor maker Escorts Kubota Ltd reported a smaller-than-expected third-quarter profit on Thursday, as lower demand offset the fall in costs. The company's standalone net profit rose nearly 49% to 2.77 billion rupees (about $33 million) for the three months ended Dec. 31, but fell short of analysts' expectations of 2.82 billion rupees, per LSEG data. India's festive period was a mixed one for tractors, analysts said. Uneven and below-normal rains towards the end of qu...
India`s Escorts Kubota misses Q3 profit view on lower tractor demand
India`s Escorts Kubota misses Q3 profit view on lower tractor demand
Source: Reuters
2024-02-08 04:30:44 pm
Escorts Kubota surges as its construction equipment segment reports 16% growth in January sales 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 s...
Escorts Kubota surges as its construction equipment segment reports 16% growth in January sales
Escorts Kubota surges as its construction equipment segment reports 16% growth in January sales
Source: Accord Fintech
2024-02-02 10:45:37 am
Escorts Kubota gains as its agri machinery segment reports 7% fall in tractors sales in January 2024 Escorts Kubota is currently trading at Rs. 3025.00, up by 43.00 points or 1.44% from its previous closing of Rs. 2982.00 on the BSE. The scrip opened at Rs. 2987.15 and has touched a high and low of Rs. 3025.00 and Rs. 2987.15 respectively. So far 740 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 st...
Escorts Kubota gains as its agri machinery segment reports 7% fall in tractors sales in January 2024
Escorts Kubota gains as its agri machinery segment reports 7% fall in tractors sales in January 2024
Source: Accord Fintech
2024-02-01 10:06:35 am
Neutral Escorts Kubota Ltd For Target Rs.2,995 - Yes Securities Valuation and View – New product launches in tractors to help MS Escorts Kubota (EKL) 2QFY24 results were weak (EBITDA miss of ~13%) to our while in-line to street estimates. The key positives were, 1) better than expected gross margins at 32.3% (est 30.7%, +470bp YoY/ +210bp YoY), 2) favorable mix in railway business (led by spares and exports) led to EBIT margins at 18.9% (+380bp YoY) and 3) CE business EBIT margins at 10.2% (highest, +12.8% YoY). The management indicated sustenanc...
Neutral Escorts Kubota Ltd For Target Rs.2,995 - Yes Securities
Neutral Escorts Kubota Ltd For Target Rs.2,995 - Yes Securities
Source: Yes Securities Ltd
2023-12-08 12:41:39 pm
Neutral Escorts Kubota Ltd For Target Rs.3,000 - Motilal Oswal Financial Services Ltd Better gross margins offset by other costs FY24 tractor industry growth guidance of +/-2% YoY * 2QFY24 results were inline as better gross margin at 32.3% (vs est. 30.5%) was offset by higher other expenses. The company has guided for flattish growth in FY24 volumes (+/-2% YoY) vis-à-vis ~4% YoY decline in 1HFY24 due to festive mismatch this year followed by erratic rainfall and high base of last year. * We maintain our FY24E/FY25E EPS estimates. We retain our Neutral rating o...
Neutral Escorts Kubota Ltd For Target Rs.3,000 - Motilal Oswal Financial Services Ltd
Neutral Escorts Kubota Ltd For Target Rs.3,000 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2023-12-02 10:52:33 am
Escorts Kubota rises as its agri machinery segment reports marginal growth in tractors sales in November 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 s...
Escorts Kubota rises as its agri machinery segment reports marginal growth in tractors sales in November
Escorts Kubota rises as its agri machinery segment reports marginal growth in tractors sales in November
Source: Accord Fintech
2023-12-01 11:59:37 am
Sell Escorts Kubota Ltd For Target Rs.2,830 - Geojit Financial Services Overall tractor volume below expectation. Escorts Kobota Ltd (EKL) is the third largest agricultural tractor manufacturer in India. It has a strong presence in the north and west markets, with a 10.1% market share in FY23. • Q2FY24 revenue grew by 9%YoY, driven by a superior product mix and price hike. The domestic tractor segment de-grew by -7%YoY, while Construction equipment & Railway registered robust growth. • EBITDA margin expanded by 476bps (came below our expect...
Sell Escorts Kubota Ltd For Target Rs.2,830 - Geojit Financial Services
Sell Escorts Kubota Ltd For Target Rs.2,830 - Geojit Financial Services
Source: Geojit Financial Services Ltd
2023-11-18 11:35:54 am
Escorts Kubota jumps after its construction equipment segment reports 52% growth in sales in September Escorts Kubota is currently trading at Rs. 3211.00, up by 88.70 points or 2.84% from its previous closing of Rs. 3122.30 on the BSE.The scrip opened at Rs. 3122.00 and has touched a high and low of Rs. 3231.95 and Rs. 3086.00 respectively. So far 12850 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3344.00 on 30-Aug-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. 3318.00...
Escorts Kubota jumps after its construction equipment segment reports 52% growth in sales in September
Escorts Kubota jumps after its construction equipment segment reports 52% growth in sales in September
Source: Accord Fintech
2023-10-04 04:32:24 pm