 "Escorts")
Shares of Escorts moved higher by 10% to Rs 688 on the BSE after the company reported a healthy 28.8% year-on-year (Y-o-Y) growth in total tractor sales at 13,140 units in the month of October. It had sold 10,205 tractors in October 2017.
The company's tractor sales stood at 21,039 units during the second quarter (July-September) of the current fiscal witnessing a growth of 3.3%.
The company said the long-term growth fundamentals of domestic tractor industry are strong with lowering of the replacement cycle, but the pace of the central and state governments' policy roll out would govern
The company's tractor sales stood at 21,039 units during the second quarter (July-September) of the current fiscal witnessing a growth of 3.3%.
The company said the long-term growth fundamentals of domestic tractor industry are strong with lowering of the replacement cycle, but the pace of the central and state governments' policy roll out would govern
