Escorts Construction Equipment sold 377 machines in December 2021

Escorts Ltd. Construction Equipment Segment (ECE) in December 2021 sold 377 machines against 438 machines sold in December 2020, a drop of 13.9 percent year-on-year.

Construction equipment industry is currently facing short term challenges due to delay in mobilisation of projects and low rental rates for the retail customers.

Going forward, with big tail of projects under various stage of execution and the new projects awarded by the Government, we expect the demand to trigger, however industry might get impacted due to recent COVID - 19 restrictions. Rising inflation continues to be a worry.

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 ConstructionEquipment SalesVolume December2021