Escorts Kubota Ltd tractor volume grew by 3.7% in November 2023

Escorts Kubota Limited Agri Machinery Business Division in November 2023 sold 8,258 tractors, registering a growth of 3.7 percent as against 7,960 tractors sold in November 2022.

Domestic tractor sales in November 2023 were at 7,855 tractors registering a growth of 6.7 percent as against 7,359 tractors sold in November 2022. Overall festive demand has been good barring few states where demand was marginally impacted due to scanty and/or unseasonal rainfall. Keeping in view the fact that Domestic Tractor Industry has been almost at its record levels and given generally positive macroeconomic factors, we expect current momentum to continue in balance of the year too.

Export tractor sales in November 2023 were at 403 as against 601 tractors sold in November 2022.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 3146.15 as compared to the previous close of Rs. 3173.40. The total number of shares traded during the day was 9358 in over 1237 trades.

The stock hit an intraday high of Rs. 3205.00 and intraday low of 3135.10. The net turnover during the day was Rs. 29646785.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 AgriMachineryBusinessDivision November2023 SalesVolume