Escorts Agri Machinery Volumes grew by 30.6 percent in February 2021

Escorts Ltd Agri Machinery Segment (EAM) in February 2021 sold 11,230 tractors, our highest ever February sales and registering a growth of 30.6 percent against 8,601 tractors sold in February 2020.

Domestic tractor sales in February 2021 was at 10,690 tractors registering a growth of 32.8 percent against 8,049 tractors in February 2020. The tractor demand is expected to continue to be strong on back of positive macroeconomic factors and strong rural cash flows. The supply side situation is normal, but rising inflation continues to be a worry.

Export tractor sales in February 2021 was at 540 tractors against 552 tractors sold in February 2020.

Shares of ESCORTS LTD. was last trading in BSE at Rs.1310.6 as compared to the previous close of Rs. 1309.45. The total number of shares traded during the day was 152620 in over 7954 trades.

The stock hit an intraday high of Rs. 1336.45 and intraday low of 1277.3. The net turnover during the day was Rs. 200022633.

Source : Equity Bulls

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