Escorts hits 52-week high; rallies 16% in 6 days on good Q4 results

The stock of the commercial vehicle maker has rallied 16 per cent in the past six trading days after the company delivered strong operating performance in the January-March quarter

tractor, agriculture, rural india
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Tractor sales, often considered a proxy of the rural economy, have been muted since December

SI Reporter Mumbai
Shares of Escorts hit 52-week high of Rs 919, up 4 per cent on the BSE on Friday, in otherwise weak market on expectations that the tractors sales could recover sooner than other segments. The stock price surpassed its previous high of Rs 914.40 touched on February 19, 2020 in the intra-day trade.

The stock of the commercial vehicle maker has rallied 16 per cent in the past six trading days after the company delivered strong operating performance in the January-March quarter (Q4FY20) amid a tough environment.

The company’s earnings before interest, taxes, depreciation, and amortisation (Ebitda) grew

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First Published: May 22 2020 | 3:26 PM IST

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