Escorts Agri Machinery reports highest ever January sales in January 2021

Escorts Ltd Agri Machinery Segment (EAM) in January 2021 sold 9,021 tractors, our highest ever January sales and registering a growth of 48.8 percent against 6,063 tractors sold in January 2020.

Domestic tractor sales in January 2021 was at 8,510 tractors registering a growth of 45.6 percent against 5,845 tractors in January 2020. The tractor market continues to be strong on back of positive macro-economic factors and strong rural cash flows. The supply side situation is normalizing and is no longer expected to be a bottleneck to meet demand. However rising inflation continues to be a worry.

Export tractor sales in January 2021 was at 511 tractors against 218 tractors sold in January 2020, registering a growth of 134.4 percent.

Shares of ESCORTS LTD. was last trading in BSE at Rs.1205.5 as compared to the previous close of Rs. 1224.6. The total number of shares traded during the day was 65895 in over 4322 trades.

The stock hit an intraday high of Rs. 1242.55 and intraday low of 1201.5. The net turnover during the day was Rs. 80391175.

Source : Equity Bulls

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