Escorts Kubota Limited tractor volume grew by 8.9 percent in May 2023

Escorts Kubota Limited Agri Machinery Business Division in May 2023 sold 9,167 tractors, our highest ever May sales, registering a growth of 8.9 percent as against 8,421 tractors sold in May 2022.

Domestic tractor sales in May 2023 were at 8,704 tractors registering a growth of 13.5 percent against 7,667 tractors sold in May 2022. Overall, the macroeconomic factors and farmer sentiments remain positive, resulting in a positive sales trend across most geographies. Going forward, we expect the current momentum to continue in the near term led by normal rainfall forecast, adequate reservoir levels, better liquidity and consumer credit availability.

Export tractor sales in May 2023 were at 463 as against 754 tractors sold in May 2022.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 2103.55 as compared to the previous close of Rs. 2091.35. The total number of shares traded during the day was 6775 in over 686 trades.

The stock hit an intraday high of Rs. 2114.45 and intraday low of 2081.00. The net turnover during the day was Rs. 14213157.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 AgriMachinery SalesVolume Tractors May2023