Escorts remains gainer in Auto segment

Escorts is currently trading at Rs. 1819.25, up by 3.15 points or 0.17% from its previous closing of Rs. 1816.10 on the BSE.

The scrip opened at Rs. 1791.00 and has touched a high and low of Rs. 1827.65 and Rs. 1791.00 respectively. So far 48713 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1897.80 on 09-Dec-2021 and a 52 week low of Rs. 1100.10 on 03-May-2021.

Last one week high and low of the scrip stood at Rs. 1872.60 and Rs. 1791.00 respectively. The current market cap of the company is Rs. 26247.69 crore.

The promoters holding in the company stood at 36.59%, while Institutions and Non-Institutions held 29.17% and 34.25% respectively.

Escorts’ Agri Machinery Segment (EAM) has sold 7,116 tractors in November 2021 as against 10,165 tractors sold in November 2020, a drop of 30 percent year-on-year. Domestic tractor sales in November 2021 was at 6,492 tractors as against 9,662 tractors in November 2020. However, export tractor sales in November 2021 was at 624 tractors against 503 tractors sold in November 2020, registering a growth of 24.1 percent.

Escorts is one of India’s leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.