Escorts Construction Equipment volume grew by 96.8 percent in May 2022

Escorts Ltd. Construction Equipment Segment (ECE) in May 2022 sold 305 machines registering a growth of 96.8 percent against 155 machines sold in May 2021.

In May 2022, growth trend continued in Construction Equipment industry due to low base of last year despite challenges on retail demand due to input cost escalation. With Government thrust on infrastructure we expect good recovery in the later part of current fiscal year 2022-23. But steep rise in input costs leading to higher owning cost for customers remains a key cause of concern.

Shares of Escorts Limited was last trading in BSE at Rs. 1630.70 as compared to the previous close of Rs. 1637.65. The total number of shares traded during the day was 13355 in over 1311 trades.

The stock hit an intraday high of Rs. 1644.30 and intraday low of 1578.35. The net turnover during the day was Rs. 21655830.00.

Source : Equity Bulls

Keywords

Escorts INE042A01014 ConstructionEquipment SalesVolume May2022