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Escorts rises after decent tractor sales in Oct

Capital Market 

Escorts rose 1.64% to Rs 670.5 after total tractor sales rose 1.6% to 13,353 units in October 2019 compared with 13,140 in October 2018.

Sequentially, total tractor sales rose 23.01% in October 2019 compared with 10,855 units in September 2019.

Domestic tractor sales grew 1.3% to 13,034 units in October 2019 as against 12,867 units in October 2018. Total tractor exports surged 16.8% in October 2019 to 319 tractors as against 273 tractors sold in October 2018.

Meanwhile, S&P BSE Sensex was up 88.23 points or 0.22% at 40,217.28. The S&P BSE Auto index was 0.25% at 18,992.22.

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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 01 2019. 09:53 IST