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VST Tillers Tractors hits record high post June sales

The stock rallied 7% to Rs 2,460 in intra-day trade, extending its Friday's 5% gain on NSE.

SI Reporter  |  Mumbai 

tractors, agriculture, farmers

has moved higher to its record high of Rs 2,460, up 7%, extending its Friday’s 5% rally on the National Stock Exchange (NSE), after the company reported a 19% year on year (YoY) growth in its total sales of 5,053 units in the month of June, 2017. The commercial vehicles maker had sold 4,229 units in 2016.

recorded a strong 23% jump to 4,099 units, while tractors sales grew 6% at 954 units during the month, said in a statement.

was promoted by VST Motors as a joint venture with Mitsubishi Heavy Industries, Japan. The company is now the largest manufacturer of in India.

At 10:56 am; the stock was up 4% at Rs 2,380 on BSE, as compared to 0.96% rise in the S&P BSE Sensex. A combined 33,914 shares changed hands on the counter on BSE and NSE so far.

First Published: Mon, July 03 2017. 11:00 IST