 "Escorts dips on weak tractor sales in August")
Escorts has dipped 7% to Rs 162 on the BSE after reported 33.7% year-on-year (YoY) drop in total sales at 2,402 tractors in the month of August 2015 against 3,624 tractors in the same month last year.
Domestic sales in August 2015 stood at 2,355 tractors against 3,147 in August 2014. Export for the month of August 2015 at 47 tractors against 477 tractors in August 2014, Escorts said in a statement.
Cumulative sales, between April-August 2015, declined 19.7% YoY at 20,707 tractors against 25,790 tractors in the same period last year.
Till 02:21 PM, a combined 2.2 million shares changed hands on the counter on the BSE and NSE.
Domestic sales in August 2015 stood at 2,355 tractors against 3,147 in August 2014. Export for the month of August 2015 at 47 tractors against 477 tractors in August 2014, Escorts said in a statement.
Cumulative sales, between April-August 2015, declined 19.7% YoY at 20,707 tractors against 25,790 tractors in the same period last year.
Till 02:21 PM, a combined 2.2 million shares changed hands on the counter on the BSE and NSE.
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