Investors favorite; Escorts back in action with good volumes

The stock has disappointed big time in 2021, by falling ~ 5 per cent on YTD basis

There is no better news than Escorts giving a breakout and trending up for investors who banked on the tractor manufacturer. If you check with the technical analysts of the world, they will confirm that the stock has given a breakout above its ascending triangle and that the stock is headed higher as the RSI is rising above 50 and moving higher. 

However, that is only the charts that making Escorts look like its headed higher. If you dig deeper the stock is reflecting a low PE level at the current price and may be undervalued from long term perspective.

The stock has disappointed big time in 2021, by falling ~ 5 per cent on YTD basis when majority of the Group A shares, that are constituents of BSE 500 are trending up and creating wealth for their shareholders. 

In over a five-year period the stock is up by 587 per cent and has been a darling of long-term investors. On BSE the stock has shown increase in volumes while the stock is up by 4.75 per cent on Thursday trading session.