Brokerages positive about Escorts Kubota's medium-term growth plans

Near-term worries for the stock include volume uncertainty, premium valuations

Escorts Tractors
Premium

Ram Prasad Sahu
The stock of tractor maker Escorts Kubota hit a 52-week high on Monday and has gained 17 per cent over the past fortnight. Brokerages are positive about the company’s strategy for the medium term, announced recently, and which envisages an increase of its revenues by two and a half times by FY28, a higher share of exports, market share improvement, and margin expansion. The medium term business plan outlines a 21 per cent annual growth in revenues to Rs 22,700 crore from Rs 7,152 crore in FY22.

While the railways segment is expected to grow three times, the agriculture and

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 29 2022 | 10:40 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com