VST Tillers Tractors gains on registering 30% rise in July sales

V.S.T. Tillers Tractors is currently trading at Rs. 3073.05, up by 15.35 points or 0.50% from its previous closing of Rs. 3057.70 on the BSE.

The scrip opened at Rs. 3079.95 and has touched a high and low of Rs. 3120.00 and Rs. 3056.40 respectively. So far 1129 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 3179.00 on 18-Jul-2023 and a 52 week low of Rs. 2046.55 on 12-Oct-2022.

Last one week high and low of the scrip stood at Rs. 3154.55 and Rs. 2961.10 respectively. The current market cap of the company is Rs. 2648.97 crore.

The promoters holding in the company stood at 55.57%, while Institutions and Non-Institutions held 20.74% and 23.70% respectively.

VST Tillers Tractors has sold total 5506 power tillers & tractors during July 2023 as compared to 4249 units in July 2022, a rise of 29.58% Year-on-Year (YoY). Of the total, the company has sold 5021 power tillers in July 2023 as against 3747 in July 2022, registering a rise of 34% YoY. The company has sold 485 tractors during July 2023, as compared to 502 in July 2022, registering a fall of 3.38% YoY.

VST Tillers Tractors was incorporated in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines.

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