Escorts Kubota Ltd Construction Equipment volume grew by 20.5% in January 2023

Escorts Kubota Limited Construction Equipment Business in January 2023 sold 452 machines, registering a growth of 20.5% as against 375 machines sold in January 2022.

On the back of robust demand led by increased capital spending by Government on various infra projects including smart cities development and irrigation projects, we expect growth momentum to continue in coming months for material handling and construction machinery.

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 SalesVolume ConstructionEquipmentBusiness January2023