Escorts Construction Equipment sales grew by 8.4 percent in September 2021, MoM Volume up by 30.3 percent

Escorts Ltd. Construction Equipment Segment (ECE) in September 2021 sold 400 machines against 369 machines sold in September 2020 registering a growth of 8.4 percent year-on-year and growth of 30.3 percent on month-on-month basis.

The retail enquiries have seen significant rise month on month, but continuing rains during the month led to deferment of buying decision by majority of the customers. However, we anticipate strong equipment demand in second half of FY22 starting from October'2021 in line with the trend seen during last fiscal. The demand is also likely to get a boost from Government push on infrastructure projects. However, the risk of further inflation in the commodity prices remains a concern.

Shares of Escorts Limited, was last trading in BSE at Rs. 1480 as compared to the previous close of Rs. 1488.5. The total number of shares traded during the day was 62503 in over 3469 trades.

The stock hit an intraday high of Rs. 1519.4 and intraday low of 1476. The net turnover during the day was Rs. 93483972.

Source : Equity Bulls

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