Escorts record highest tractor sales for December; shares rise 2 per cent

Escorts record highest tractor sales for December; shares rise 2 per cent

Anthony Fernandes
/ Categories: Trending, DSIJ News

The shares of Escorts Limited were trading in the green on Friday after the company reported robust sales for December 2020.   

The month of December 2020 saw the Agri machinery segment (EAM) of the company selling 7,733 tractors, the highest-ever December sales and registering a growth of 88 per cent against 4,114 tractors sold in December 2019.  

The sales of domestic tractors stood at 7,230 units in December 2020 as against 3,806 units in December 2019, recording a growth of 90 per cent during the period. Similarly, export tractor sales for the month was recorded at 503 tractors as compared to 308 tractors sold in the same period for the previous year, registering a growth of 63.3 per cent.  

Post-lockdown, December was the first month, where the company could supply as per the demand of the customers, Escorts stated in a filing to BSE. The company does not expect any significant supply-demand gaps, going forward, it added.   

At 1 pm on Friday, the stock of Escorts Limited was trading at Rs 1,288 per share, up by 2.25 per cent or Rs 28.35 per share on BSE. Its 52-week high is Rs 1,452.85 while the 52-week low is Rs 527.10 on BSE.  

Previous Article Bharat Dynamics gains on getting cabinet approval for Akash missile exports
Next Article Praj Industries jumps over 5 per cent on bagging new order from Indian Oil Corporation
Rate this article:
4.6

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR