 "Escorts shares rise 7% on strong tractor sales in March")
Shares of Escorts have moved higher by 7% to Rs 874 per share on the BSE in intra-day trade after the company reported a strong 65% year on year (yoy) growth in tractor sales of 11,790 units in March 2018. It had sold 7,079 tractors in March 2017.
“The domestic sales for the month of March 2018 at 11,557, was up by 64.8% as against 7,014 tractors in March 2017. Export sales were up 3.6 times at 233 tractors in March 2018 against 65 tractors in March 2017,” Escorts said in a press release.
For the full financial year 2017-18 (FY18), Escorts recorded 26.1% growth in sales at 80,417 tractors, against 63,786 tractors in FY17.
At 01:23 pm; the stock was trading 6% higher at Rs 871 against 0.59% rise in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 1.85 million shares changed hands on the BSE and NSE so far.
“The domestic sales for the month of March 2018 at 11,557, was up by 64.8% as against 7,014 tractors in March 2017. Export sales were up 3.6 times at 233 tractors in March 2018 against 65 tractors in March 2017,” Escorts said in a press release.
For the full financial year 2017-18 (FY18), Escorts recorded 26.1% growth in sales at 80,417 tractors, against 63,786 tractors in FY17.
At 01:23 pm; the stock was trading 6% higher at Rs 871 against 0.59% rise in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 1.85 million shares changed hands on the BSE and NSE so far.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%