Escorts Kubota Limited sold 8,974 tractors in November 2024

Escorts Kubota Limited (EKL) Agri Machinery Business Division in November 2024 sold 8,974 tractors as against 9,906 tractors sold in November 2023.

Domestic tractor sales in November 2024 were at 8,730 tractors as compared to 9,503 tractors in November 2023, down due to the shift of major festive days to October this year. However, during the festive months from September to November, EKL domestic tractor sales were up by 9% to 38,554 tractors as compared to 35,387 tractors in the same period last year. Going forward we expect growth momentum to continue in the remaining fiscal year, driven by favorable macroeconomic conditions, higher Minimum Support Price (MSP), improved terms of trade, and higher water reservoir levels.

Export tractor sales in November 2024 were at 244 tractors as against 403 tractors sold in November 2023.

Shares of Escorts Kubota Limited was last trading in BSE at Rs. 3555.20 as compared to the previous close of Rs. 3514.70. The total number of shares traded during the day was 3365 in over 880 trades.

The stock hit an intraday high of Rs. 3566.85 and intraday low of 3513.00. The net turnover during the day was Rs. 11916084.00.

Source : Equity Bulls

Keywords

EscortsKubota INE042A01014 AgriMachinery Tractors SalesVolume November2024