Escorts nears record high on May tractor sales nos, soars 32% in one month

Analysts say tractors are likely to see relatively faster recovery in the second half of this fiscal.

Shares of Escorts were up 4 per cent to Rs 941 on the BSE on Monday after the company reported domestic tractor sales of 6,454 units for May. It had sold 6,488 units in the domestic market during the same month last year.

The stock of Escorts was trading higher for the fourth straight day. In the past one month, the stock has rallied 32 per cent, as compared to a 1.3 per cent fall in the S&P BSE Sensex. It was trading close to its record high level of Rs 1,019, touched on May 2, 2018.

“Escorts Agri Machinery