Escorts rose 4.94% to Rs 615.63 after total auto sales rose 2.2% to 10,885 units in September 2019 over September 2018.
Domestic tractor sales grew 1.2% to 10,521 units while tractor exports jumped 51.1% to 334 units in September 2019 over September 2018.
Sequentially, total auto sales surged 169.02% to 10,855 units in September 2019 as against 4,035 units in August 2019.
The announcement was made during trading hours today, 1 October 2019.
Shares of Escorts fell 4.76% in the past two trading sessions to settle at Rs 581 yesterday, 30 September 2019, from its close of Rs 610.10 on 26 September 2019.
Meanwhile, S&P BSE Sensex was down 495.55 points or 1.28% at 38,171.78.
On BSE, 3.56 lakh shares were traded in Escorts counter, compared to a 2-week average of 3.24 lakh shares. The stock hit an intraday high of Rs 612.10 and an intraday low of Rs 567. It hit a 52-week high of Rs 833.50 on 22 March 2019 and a 52-week low of Rs 423.30 on 23 August 2019.
Escorts' consolidated net profit fell 27.6% to Rs 87.74 crore on a 5.8% decline in net sales to Rs 1,440.45 crore in Q1 June 2019 compared with Q1 June 2018.
Escorts is an engineering company, which offers agricultural tractors and construction equipment. The automobile firm's segments include agri machinery, auto ancillary products, railway equipment, construction equipments and others.
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