Escorts Kubota slips to a 9-mth low, down 27% from record high hit in April

The stock traded lower for the third straight day has fallen 9 per cent during this period; it aslo turned ex-dividend for Rs 7 per share on Thursday.

Shares of Escorts Kubota hit a nine-month low of Rs 1,422, down nearly 4 per cent on the BSE in Thursday’s intra-day trade amid concerns over delay in near-term demand momentum due to sustained raw material cost inflation. Meanwhile, the stock also turned ex-date for final dividend of Rs 7 per share today.

The stock traded lower for the third straight day has fallen 9 per cent during this period. It was quoted at its lowest level since August 2021. With the recent fall, the stock price of Escorts Kubota has declined 27 per cent from its record high