Escorts rallies 18% in September on hopes of good tractor sales

Shares of Escorts hit a fresh record high of Rs 1,280, up 3 per cent on the BSE on Friday. Thus far in September, the commercial vehicles company's stock has outperformed the market by surging 18 per cent on expectation of good tractor sales. In comparison, the S&P BSE Sensex was up 1 per cent during this period.

The market sentiment continues to be highly positive with good monsoons, better Kharif sowing, crop prices holding up well, and good supply of retail finance. The management remains optimistic for the coming festive months. The supply side situation improved significantly as