VST Tillers slips over 7% in six sessions

VST Tillers Tractors declined 1.2% to Rs 1051.10, extending recent losses.

Shares of VST Tillers Tractors have declined 7.05% in six trading sessions to its current market price of Rs 1051.1 from its recent closing high of Rs 1,130.80 on 2 December 2019.

The company announced its November 2019 sales figures after market hours on Thursday, 5 December 2019.

The company's total sales slipped 7.90% to 1806 units in November 2019 from 1961 units in October 2019. Power tillers sales rose 12.14% to 1238 units in November 2019 from 1104 units in October 2019. However, total tractor sales slumped 33.72% to 568 units in November 2019 from 857 units in October 2019.

In the past one month, shares of VST Tillers Tractors tumbled 17.87% to its current market price of Rs 1051.1, underperforming the Nifty Auto index's 4.28% fall in the same period.

The stock continues to trade below its 50-day moving average (DMA) placed at Rs 1,205.37 and below its 200 DMA placed at Rs 1,215.86.

On the technical front, the stock's RSI (relative strength index) stood at 27.04. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

Net profit of VST Tillers fell 30.6% to Rs 6.38 crore on a 11.3% rise in net sales to Rs 160.88 crore in Q2 September 2019 over Q2 September 2018.

VST Tillers Tractors is engaged in the manufacturing of power tiller and tractor.

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