Page 4 - Escorts

Japan's Kubota Corp to acquire 10% stake in Escorts for Rs 1,042 crore

Following the deal, Kubota will have right to nominate two non-executive board members on the board of Escorts

Escorts zooms 9% on strong February sales; stock up 28% in 2020 so far

Escorts announced that its agri machinery segment (EAM) sold 8,601 tractors in February, an 18.8 per cent growth against 7,240 tractors sold in February 2019

Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

The Nifty seems to have completed wave B of the bounce and wave C up on the hourly charts is expected

Escorts stock gains on tractor sales uptick, Budget 2020 proposals

Analysts expect tractors to benefit the most from rural revival

Escorts surges 8% on expectation of improvement in tractor sales

The stock hit a 52-week high of Rs 834 on Monday and has rallied 35 per cent in past one month, as compared to a 4 per cent decline in the S&P BSE Sensex.

Escorts rallies 8% post Q3 results, zooms 90% from 52-week low

In Q3FY20, the company's Ebitda margins improved 89 bps YoY to 13%

Escorts Q3 net profit up 9% to Rs 153 crore, revenue dips to Rs 1,633 crore

Farm equipment and engineering products maker Escorts Ltd on Wednesday reported a 9.27 per cent increase in its net profit to Rs 153.1 crore for the third quarter ended December 31, 2019. The company had reported a net profit of Rs 140.1 crore for the same period of the previous financial year. Revenue from operations, however, declined to Rs 1,633.4 crore during the October-December quarter as against Rs 1,655.1 crore in the corresponding period last fiscal, Escorts Ltd said in a statement. "We are continuing our journey of providing unique and innovative technology solutions for maximising agriculture yield, bring in efficiency in the construction equipment space and make rail transport safer," Escorts Chairman and Managing Director Nikhil Nanda said. The company's investment in new product development, R&D and wider distribution is in line with the enhanced customer experience that it has committed to offer to create value for customers across domestic and export geographies, ..

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

Escorts has picked up momentum with a positive bullish candle pattern with decent improvement in the volume participation to show a positive bias and imply further strength in the coming days.

Escorts trades weak, slips 3% ahead of December sales numbers

During first eight months of the financial year 2019-20 (FY20), Escorts had reported 7.3 per cent year-on-year (YoY) decline in total tractor sales at 59,324 units.

Escorts: Sustaining post-festival sales momentum key for stock gains

Street will watch tractor sales post-festival season. For October, the company's tractor offtake was up 2% driven by domestic sales which came in at 13,000 units

Technical recommendations by HDFC Securities: Buy Kansai Nerolac, Escorts

Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.

Escorts scrip bounces back to register 19% rise on seasonal tractor demand

Even as the sector's volumes fell by 1% over the year-ago period due to heavy rains, Escorts reported 2% increase. The near-term outlook for the sector remains strong

Nifty outlook and stock recommendation by HDFC Securities: Buy Escorts

Technical calls from Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities.

Nifty outlook and top stock calls by Angel Broking: Buy Escorts, Siemens

Stock ideas by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

Mahindra and Escorts stocks rise 4% each, riding on higher volumes

Street expects upward revision in growth guidance if trend persists

Stunted FY20 volume growth to hurt Escorts; net profit may see a 20% fall

The expected pain was reflected in the performance of the company and the sector in the June quarter

Escorts Q4 net profit up 8% at Rs 121 cr, revenue rises by Rs 1,631 cr

The company's tractor sales for fourth quarter stood at 25,136 units

Market share gains outweigh volume growth worries for Escorts: Analysts

Prediction of near-normal rains a relief on the tractor sales front

Escorts skids 6% on lower volume growth guidance for tractor industry

The stock was down 6% to Rs 634, falling 16% in past two weeks, as compared to 2% decline in the S&P BSE Sensex.

Escorts forms a JV with Japan's Kubota to produce high-end tractors

The JV will aim to take leading position in domestic and export markets in medium to long term