Escorts Kubota Limited sold 9,850 tractors in June 2023

Escorts Kubota Limited Agri Machinery Business Division in June 2023 sold 9,850 tractors as against 10,051 tractors sold in June 2022.

Domestic tractor sales in June 2023 were at 9,270 tractors against 9,265 tractors sold in June 2022. Overall sentiments were mixed as markets with good rainfall and crop prices showed good momentum, and markets with a delayed monsoon had a slightly dampened demand. Going forward, with a further advancement of monsoon across the country coupled with adequate reservoir levels, better liquidity and consumer credit availability, we expect the demand momentum to improve in coming months.

Export tractor sales in June 2023 were at 580 as against 786 tractors sold in June 2022.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 2247.85 as compared to the previous close of Rs. 2194.40. The total number of shares traded during the day was 16018 in over 2143 trades.

The stock hit an intraday high of Rs. 2260.00 and intraday low of 2187.65. The net turnover during the day was Rs. 35751062.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 CommercialVehicles SalesVolume Exports Tractors June2023 AgriMachinery