Escorts - Aug 2020 sales performance - Mr. Jyoti Roy, DVP- Equity Strategist, Angel Broking Ltd

"Escorts Ltd. has reported better than expected tractor sales for the month of August 2020. Domestic tractor sales were up by 79.4% YoY to 6750 units while exports were up by 90.4% YoY to 518 units. Overall total sales were up by 80.1% YoY to 7268 units. The better than expected set of numbers were on the back of good rural demand. We continue to remain positive on the tractor segment as we expect strong demand to remain strong in FY21."

Shares of ESCORTS LTD. was last trading in BSE at Rs.1111.35 as compared to the previous close of Rs. 1087.05. The total number of shares traded during the day was 146388 in over 7133 trades.

The stock hit an intraday high of Rs. 1153.3 and intraday low of 1078.1. The net turnover during the day was Rs. 164014175.

Source : Equity Bulls

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