Escorts Construction Equipment sold 386 machines in February 2022

Escorts Ltd. Construction Equipment Segment (ECE) in February 2022 sold 386 machines against 449 machines sold in February 2021, a drop of 14.0 percent year-on-year.

Currently Construction equipment industry is facing short term challenges due to steep price increase led by unprecedented inflationary pressures and emission norm changes coupled with low equipment rental rates that is impacting retails.

However, given the Government thrust on infrastructure projects in coming year(s) and stabilisation of increased pricing in the market, we expect demand to start improving for construction equipment in the coming year.

Shares of Escorts Limited was last trading in BSE at Rs. 1852.10 as compared to the previous close of Rs. 1834.55. The total number of shares traded during the day was 16534 in over 1418 trades.

The stock hit an intraday high of Rs. 1857.05 and intraday low of 1825.00. The net turnover during the day was Rs. 30469408.00.

Source : Equity Bulls

Keywords

Escorts INE042A01014 ConstructionEquipment February2022 SalesVolume