Escorts Kubota Limited sold 8,587 tractors in March 2024

Escorts Kubota Limited Agri Machinery Business Division in March 2024 sold 8,587 tractors as against 10,305 tractors sold in March 2023.

Domestic tractor sales in March 2024 were at 8,054 tractors as against 9,601 tractors sold in March 2023. The shift in Chaitra Navratri festival to April this year and last season's erratic monsoon patterns and resultant low water reservoir levels have affected agricultural sentiments in central and southern regions resulting in delayed harvesting of rabi crops. Looking ahead, as early sings point to an above-average monsoon in FY25, we anticipate that demand will stabilize post elections.

Export tractor sales in March 2024 were at 533 as against 704 tractors sold in March 2023.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 2778.60 as compared to the previous close of Rs. 2798.55. The total number of shares traded during the day was 4426 in over 847 trades.

The stock hit an intraday high of Rs. 2808.65 and intraday low of 2755.65. The net turnover during the day was Rs. 12308960.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 CommercialVehicles Tractors SalesVolume March2024