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Escorts surges 6% on healthy growth in January tractor sales

The stock rallied 6% to Rs 858, also its all-time high on BSE, after the company reported a healthy 45.6% jump in total sales at 5,316 units for the month of January 2018.

SI Reporter  |  Mumbai 

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has rallied 6% to Rs 858, also its on BSE, after the company reported a healthy 45.6% jump in total sales at 5,316 units for the month of 2018. The company had sold 3,652 units during the same month last year.

In December 2017, reported 13% growth in total sales at 3,606 units over the previous year.

Agri Machinery Segment (EAM) in 2018 sold 5,160 tractors in domestic market growth of 47.1% as against 3,507 tractors in 2017,” Escorts said in a regulatory filing.

Export sales for the month of January 2018 at 156 tractors against 145 tractors in January 2017, it added.

The counter has seen huge trading volumes with a combined 2.13 million shares changed hands on and NSE till 09:46 AM.


First Published: Thu, February 01 2018. 09:49 IST
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