Escorts Kubota Ltd tractor volume grew by 16.5% in January 2023

Escorts Kubota Limited Agri Machinery business in January 2023 sold 6,649 tractors, registering a growth of 16.5% as against 5,707 tractors sold in January 2022.

Domestic tractor sales in January 2023 were at 6,235 tractors registering a growth of 22.2 percent as against 5,103 tractors sold in January 2022. Retail demand across geographies remained strong. Crop prices, both in the wholesale market as well as the Minimum Support Prices (MSPs) are better than last year and growth trends are expected to continue during this quarter on the back of positive customer sentiments led by ample finance availability, better rabi sowing and early festive season in the month of March this year.

Export tractor sales in January 2023 was at 414 tractors as against 604 tractors sold in January 2022."

Shares of Escorts Limited was last trading in BSE at Rs. 2089.15 as compared to the previous close of Rs. 2027.70. The total number of shares traded during the day was 8871 in over 1249 trades.

The stock hit an intraday high of Rs. 2094.40 and intraday low of 2015.05. The net turnover during the day was Rs. 18371117.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 AgriMachinery SalesVolume January2023