Escorts Kubota rallies 6%; nears record high on strong growth outlook

The management has laid out a target revenue of Rs 22,700 crore by FY28 driven by amalgamation with Kubota JVs, ramp-up of vehicle/component exports, and continuing growth in domestic businesses

Shares of Escorts Kubota (formerly Escorts) moved up 9 per cent on Monday to a high of Rs 2,207 on the NSE, which is more than its previous record high of Rs 2,189.75, touched on September 23. The stock ended the day at Rs 2,196, an 8 per cent higher over its Friday’s close on the National Stock Exchange.

Escorts Kubota has diversified businesses across three different verticals, agri machinery, construction equipment and railway equipment division.

In a recent analysts’ meeting, Escorts Kubota’s management reiterated its robust medium-term growth 

prospects.

The FY28 revenue target is at Rs 22,700 crore against Rs 7,200 crore in