Escorts Kubota Limited tractor volume grew by 7.2% in October 2022

Escorts Kubota Limited Agri Machinery Segment in October 2022 sold 14,492 tractors, our ever highest monthly sales registering a growth of 7.2% as against 13,514 tractors sold in October 2021.

Domestic tractor sales in October 2022 was at 13,843 tractors registering a growth of 8.6 percent as against 12,749 tractors sold in October 2021. Festive demand was good led by above normal monsoon and higher water reservoirs level. For the coming Rabi season all macro-economic factors remain favourable for the industry. However, overhang of unabsorbed commodities inflation remains a concern.

Export tractor sales in October 2022 was at 649 tractors as against 765 tractors sold in October 2021.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 2008.30 as compared to the previous close of Rs. 2039.80. The total number of shares traded during the day was 29014 in over 2903 trades.

The stock hit an intraday high of Rs. 2052.00 and intraday low of 1975.25. The net turnover during the day was Rs. 57935935.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 AgriMachinery SalesVolume October2022