Escorts Agri Machinery sold 4,695 tractors in December 2021

Escorts Agri Machinery (EAM) in December 2021 sold 4,695 tractors as against 7,733 tractors sold in December 2020, a drop of 39.3 percent year-on-year.

Domestic tractor sales in December 2021 was at 4,080 tractors as against 7,230 tractors in December 2020. Rural cash flows started to improve, but industry wholesales were impacted during the month of December 2021 due to high base last year. Going forward, all macroeconomic factors including healthy water reservoir level remains in favour of the tractor industry. We have taken price increase, but rising inflation continues to be a worry.

Export tractor sales in December 2021 was at 615 tractors against 503 tractors sold in December 2020, registering a growth of 22.3 percent.

Shares of Escorts Limited was last trading in BSE at Rs. 1906.35 as compared to the previous close of Rs. 1907.95. The total number of shares traded during the day was 17241 in over 1506 trades.

The stock hit an intraday high of Rs. 1927.35 and intraday low of 1897.50. The net turnover during the day was Rs. 32897700.00.

Source : Equity Bulls

Keywords

Escorts INE042A01014 AgriMachinery SalesVolume December2021 Tractors Exports