Escorts Kubota Limited Sold 5,593 tractors in August 2023

Escorts Kubota Limited Agri Machinery Business Division in August 2023 sold 5,593 tractors as against 6,111 tractors sold in August 2022.

Domestic tractor sales in August 2023 were at 5,198 tractors as against 5,308 tractors sold in August 2022. While there has been a positive momentum in some markets due to Government subsidy programs, the deficient monsoon in other regions during the month of August coupled with shifting of key festive season to the third quarter of this fiscal impacted tractor sales this month. With other macro-economic factors remaining intact, if monsoon catches up in September in these regions , tractor demand may witness good pick up in the upcoming festive months.

Export tractor sales in August 2023 were at 395 as against 803 tractors sold in August 2022.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 3158.60 as compared to the previous close of Rs. 3274.00. The total number of shares traded during the day was 48074 in over 3915 trades.

The stock hit an intraday high of Rs. 3263.60 and intraday low of 3123.50. The net turnover during the day was Rs. 152859839.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 SalesVolume AgriMachineryDivision August2023 Tractors