Picks up 5.9% more for Rs 1,873 crore
In a Q&A, Nikhil Nanda dwells at length on the deal with Japanese agri-machinery major Kubota and the value it will create for the stakeholder of his company
Expansion of product portfolio, sourcing base and export opportunity to drive growth
Business Standard brings you the top stories on Thursday
The broader markets ended with deeper cuts, the BSE Midcap and Smallcap indices were down 1.5 per cent each
Escorts said Kubota Corporation will acquire an additional 5.9% stake in it for Rs 1,872.74 crore, taking the total holding to 14.99% and becoming a joint promoter in the Indian firm
Stock market LIVE: The NSE Nifty swung in a range of 174 points, and finally settled at 17,999, down 110 points
Has life come full circle for the Nanda family of Escorts? Kubota Corp is said to be in talks to become a controlling shareholder of the company. Let's look at what this means for the Nanda family
Is it end of road for Nanda family's journey with Escorts? What differentiates Zee Entertainment CEO Punit Goenka from his father and group founder Subhash Chandra? Get the answers in this podcast
Its stock price has risen 13.4% this month, against 2.1% fall in BSE Auto index
The company had posted a consolidated net profit of Rs 92.58 crore in the same quarter previous fiscal, Escorts Ltd said in a regulatory filing.
Bandhan Bank has been trading in a steady downtrend and is facing selling pressure on every rise
Farm equipment manufacturer Escorts Agri Machinery (EAM) on Thursday said its tractor sales stood at 12,533 units for June.
The company had posted a consolidated net profit of Rs 127.73 crore in the same period previous fiscal
For Nifty, the immediate resistance zone can be seen around 14,575-14,650, where a sustainable move beyond 14,650 would negate the possibility of further correction
Higher exports, non-agri usage could add to domestic growth
Titan Company needs to decisively cross and sustain above Rs 1,500 levels, supported by volume, to attract the interest of market participants
Escorts Agri Machinery said the tractor demand is expected to continue to be strong on back of positive macroeconomic factors and strong rural cash flows
Ace investor Rakesh Jhunjhunwala owns 4.75 per cent stake in Escorts as of December 2020 quarter
Sustained tractor demand, market share recovery and pick up in exports key tailwinds