Swaraj Engines - Oct 5, 2020 - Angel Broking

Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

"Swaraj Engines is engaged in the business of manufacturing tractor diesel engines for M&M. Going forward, we expect strong growth numbers in the tractor industry (in the month of September-20, M&M reported ~18% growth in tractor segment) primarily on account of good monsoon, higher kharif acreage and continued government support, including higher MSPs for key crops. Further, we expect healthy demand on the back of the festive season. Hence, it will benefit the players like Swaraj Engines."

Shares of SWARAJ ENGINES LTD. was last trading in BSE at Rs.1446.8 as compared to the previous close of Rs. 1462. The total number of shares traded during the day was 575 in over 164 trades.

The stock hit an intraday high of Rs. 1518 and intraday low of 1441.05. The net turnover during the day was Rs. 837138.

Source : Equity Bulls

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