Escorts Construction Equipment grew by 43.4 percent in July 2021

Escorts Ltd. Construction Equipment Segment (ECE) in July 2021 sold 367 machines and registering a growth of 43.4 percent against 256 machines sold in July 2020.

The on-ground situation eased in July. Liquidity is still tight, and we expect the funding availability to improve going forward. The demand is expected to recover to its full potential from Oct'21 onwards post the monsoon season. Commodity price inflation remains to be watched.

At Escorts, safety and wellbeing of our customers, dealers, suppliers, and employees is of utmost importance. Our employees, including third-party roll workforce, have been vaccinated against Covid for the first dose, and the vaccination drive for second dose is on. We continue to take all the safety precautions in all our business premises as per Government guidelines.

Shares of ESCORTS LTD. was last trading in BSE at Rs. 1184.4 as compared to the previous close of Rs. 1137.25. The total number of shares traded during the day was 158216 in over 7872 trades.

The stock hit an intraday high of Rs. 1187.6 and intraday low of 1137.95. The net turnover during the day was Rs. 185482399.

Source : Equity Bulls

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