Fri, Jun 10, 2022
Leading tractor and farm machinery manufacturer Escorts Limited has rebranded itself as “Escorts Kubota Limited”, the company said in a regulatory filing on Thursday, June 9, 2022
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Fri, Feb 12, 2021
Rakesh Jhunjhunwala holds 64 lk (4.75% stake) in Escorts worth Rs 900 cr. Jhunjhunwala trimmed 0.9 stake in Escorts last quarter. Jhunjhunwala believes that Tractor sales are only going to improve in coming years as the Government is focussed on improving standard of living in rural areas and Agri theme will benefit Escorts hereon.
Thu, Feb 04, 2021
Escorts’ Q3 FY21 EBITDA at Rs 3.6 bn (+18%, -30 bps QoQ) was largely in line with estimates. The tractor industry maintains a healthy growth outlook, driven by a good rabi crop and sustained government support. HDFC Securities maintains ADD rating with a target price of Rs 1480 at 16x FY23E EPS. HDFC Securities FY22/23E estimates are largely unchanged. We recommend accumulating the stock on declines.
Mon, May 08, 2017
The Supreme Court (SC) has passed the order that tractor manufacturers will be exempt from the Bharat Stage-IV (BS-IV) emission norms.
Fri, Feb 03, 2017
Mahindra despite seeing a large 11.41% decline in domestic car sales in January managed to post a 6% growth in tractor sales.
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