Escorts Kubota Limited tractor volume grew by 3.9 percent in July 2023

Escorts Kubota Limited Agri Machinery Business Division in July 2023 sold 5,570 tractors up by 3.9% as against 5,360 tractors sold in July 2022.

Domestic tractor sales in July 2023 were at 5,161 tractors up by 9.7% against 4,704 tractors sold in July 2022. Monsoon has progressed well during the last 2 month barring certain eastern pockets, but some parts of the country have received heavy rainfall, resulting in flood like situations and affecting on ground activities. With all macroeconomic factors remaining positive for our Industry, we expect the retail demand to pick up well in the upcoming festive months starting September.

Export tractor sales in July 2023 were at 409 as against 656 tractors sold in July 2022.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 2540.20 as compared to the previous close of Rs. 2537.55. The total number of shares traded during the day was 16189 in over 1782 trades.

The stock hit an intraday high of Rs. 2580.00 and intraday low of 2513.10. The net turnover during the day was Rs. 41182343.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 SalesVolume AgriMachinery Tractors