Escorts Kubota Ltd tractor volume grew by 11.9% in November 2022

Escorts Kubota Limited Agri Machinery Segment in November 2022 sold 7,960 tractors, registering a growth of 11.9% as against 7,116 tractors sold in November 2021.

Domestic tractor sales in November 2022 were at 7,359 tractors registering a growth of 13.4 percent as against 6,492 tractors sold in November 2021. Post festive season, demand continues to be normal. While rural sentiments continue to remain favorable owing to improved Rabi sowing assisted by good monsoon this year and better water level in reservoirs, softening in commodity prices is not happening at desired pace leaving input costs to be higher than anticipated.

Export tractor sales in November 2022 was at 601 tractors as against 624 tractors sold in November 2021.

Shares of Escorts Limited was last trading in BSE at Rs. 2346.80 as compared to the previous close of Rs. 2286.30. The total number of shares traded during the day was 25234 in over 2180 trades.

The stock hit an intraday high of Rs. 2358.75 and intraday low of 2273.65. The net turnover during the day was Rs. 58772627.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 AgriMachinerySegment November2022 Tractors SalesVolume