Escorts Kubota Ltd Sold 13,205 tractors in October 2023

Escorts Kubota Limited Agri Machinery Business Division in October 2023 sold 13,205 tractors as against 14,492 tractors sold in October 2022. The festive season this year is delayed and spread across two months; hence October sales were slightly muted compared to last year. November, however, looks positive with key festivals in the first half of the month. Going forward, all macroeconomic factors remain positive and we expect the demand momentum to continue for the remaining part of this fiscal.

Domestic tractor sales in October 2023 were at 12,642 tractors as against 13,843 tractors sold in October 2022.

Export tractor sales in October 2023 were at 563 as against 649 tractors sold in October 2022.

Shares of Escorts Limited was last trading in BSE at Rs. 3133.50 as compared to the previous close of Rs. 3165.55. The total number of shares traded during the day was 4859 in over 685 trades.

The stock hit an intraday high of Rs. 3183.75 and intraday low of 3127.00. The net turnover during the day was Rs. 15308454.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 CommercialVehicles October2023 Tractors SalesVolume AgriMachinery