Escorts Ltd. Construction Equipment Segment (ECE) in March 2022 sold 525 machines against 680 machines sold in March 2021, a drop of 22.8 percent year-on-year.
Construction equipment industry continues to remain subdued in March 2022, due to high base of last year, steep price increases due to emission norm changes coupled with higher inflation in commodity prices and muted rentals, impacting retails sales.
Due to Government thrust on infrastructure projects, we expect demand to start improving for construction equipment in the coming year. Inflation in commodity prices continues to be an area of concern.
Shares of Escorts Limited was last trading in BSE at Rs. 1691.40 as compared to the previous close of Rs. 1652.10. The total number of shares traded during the day was 63600 in over 4687 trades.
The stock hit an intraday high of Rs. 1750.00 and intraday low of 1640.00. The net turnover during the day was Rs. 107569301.00.