Escorts Kubota Ltd sold 6,481 tractors in February 2024

Escorts Kubota Limited Agri Machinery Business Division in February 2024 sold 6,481 tractors as against 7,811 tractors sold in February 2023.

Domestic tractor sales in February 2024 were at 6,041 tractors as against 7,245 tractors sold in February 2023. Tractor sales dipped this month due to the continuing impact of uneven monsoon coupled with insufficient rainfall and diminished reservoir levels which impacted the Kharif output. Anticipated improvements in the Rabi harvest and early signs of a normal monsoon next year are projected to enhance overall sentiments and drive an uptick in tractor sales in the next fiscal year.

Export tractor sales in February 2024 were at 440 as against 566 tractors sold in February 2023.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 2854.60 as compared to the previous close of Rs. 2821.40. The total number of shares traded during the day was 4164 in over 500 trades.

The stock hit an intraday high of Rs. 2869.85 and intraday low of 2805.00. The net turnover during the day was Rs. 11837902.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 SalesVolume AgriMachinery Tractors February2024