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Street remains bullish on Escorts despite a 2.5x run since March

Sustained tractor demand, market share recovery and pick up in exports key tailwinds

Topics
Escorts | Escorts tractor sales | auto stocks

Yash Upadhyaya  |  Mumbai 



Escorts-tractor
Despite witnessing strong volume growth in recent quarters, the company’s market share has declined in the first half of the year owing to production constraints.

Shares of — the country’s second-largest tractor maker — have gained 156 per cent since their March intra-day lows. This has been aided by the demand for tractors, which has remained healthy despite unprecedented disruption to the economy.

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First Published: Fri, January 08 2021. 17:53 IST

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