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Escorts rallies 8% post Q3 results, zooms 90% from 52-week low

In Q3FY20, the company's Ebitda margins improved 89 bps YoY to 13%

Escorts AGM: Institutions dissent heavily on three resolutions

SI Reporter Mumbai
Shares of Escorts rallied 8 per cent on Thursday to hit nearly 10-month high of Rs 806 on the BSE on expectation of a gradual turnaround in tractor industry volumes, supported by a low base and improving rural sentiments.

The stock was trading at its highest level since April 1, 2019. The market price of Escorts has rallied 90 per cent from its 52-week low level of Rs 423, touched on August 23, 2019. In comparison, the S&P BSE Sensex was up 12.5 per cent during the same period. The trading volumes on the counter more than doubled today,

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First Published: Jan 30 2020 | 12:38 PM IST

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