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Escorts, M&M: Tractor stocks could see 20-30% upside, charts suggest

Tractor stocks such as M&M and Escorts are indicating a bullish outlook for coming sessions

Topics
Tractors sales | Escorts tractor sales | M&M

Avdhut Bagkar  |  Mumbai 



M&M, TAFE look to rev up the tractor market
Analysts at Nirmal Bang Institutional Equities expect tractor firms to continue posting strong sales numbers as demand continues to remain healthy

Auto stocks came under investors' radar on Friday as original equipment manufacturers (OEMs) began reporting sales figures for the month of December. Nifty Auto index was ruling near day's high, up 0.6 per cent at 9,251.75 levels, at 10:50 am as against a 0.35-per cent rise in the Nifty50 index.

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First Published: Fri, January 01 2021. 10:47 IST

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