Escorts Kubota Ltd Construction Equipment volume grew by 15.4 percent in March 2023, MoM Volume up by 28.9 percent

Escorts Kubota Limited Construction Equipment Business in March 2023 sold 606 machines, registering a growth of 15.4 percent as against 525 machines sold in March 2022.

For the quarter and year ended March 2023 Sales were up by 18.8% and 12.2% respectively and the growth mainly caught momentum towards second half of this fiscal year across all segments-material handling, earth moving as well as road segment. The current market sentiments are positive, and demand is expected to remain buoyant going into next fiscal year, owing to infrastructure projects in pipeline and Govt focus on faster execution.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 1891.90 as compared to the previous close of Rs. 1875.70. The total number of shares traded during the day was 9902 in over 1373 trades.

The stock hit an intraday high of Rs. 1914.00 and intraday low of 1882.20. The net turnover during the day was Rs. 18791884.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 CommercialVehicles ConstructionEquipment SalesVolume March2023