/ Escorts Posts Excellent Sales, Yet Stock Is Down By 1.53% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 2 February 2017

Escorts Ltd., said its total tractor sales were up 16.3% at 3,652 units in January. Inspite of good sales posted by the company, the stock slipped by 1.53% in Thursday’s trading session.

In an exchange filing, the company said, domestic tractor sales stand at 3,507 units vs 3,089 units a year ago; and tractor exports stand at 145 units vs 51 units a year ago.

For the months, April-Jan tractor sales stand at 52,460 units vs 42,772 units; domestic tractor sales at 51,581 units vs 42,181 units; and tractor exports 879 units vs 591 units.

The Escorts Group, an Indian engineering company operates in the sectors of agri-machinery, construction and material handling equipment, railway equipment and auto components. Escorts Ltd is currently trading at Rs 375, down by Rs 3.65 or 0.96% from its previous closing of Rs 378.65 on the BSE.

The scrip opened at Rs 380 and has touched a high and low of Rs 380.25 and Rs 371.5 respectively. So far 391291(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4641.49 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 414.2 on 04-Oct-2016 and a 52 week low of Rs 112.7 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 382.5 and Rs 361.7 respectively.

The promoters holding in the company stood at 42.99 % while Institutions and Non-Institutions held 17.1 % and 39.91 % respectively. The stock is currently trading above its 100 DMA.

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