Page 5 - Escorts

Expect tractors growth momentum to continue in next 3 quarters: Escorts

On the outlook for the next fiscal, Escorts CFO Bharat Madan said it would clear only after the general elections and how monsoon pan out next year

Escorts gains 10% on strong October sales

The stock moved higher by 10% to Rs 688 on the BSE after the company reported a healthy 28.8% Y-o-Y growth in total tractor sales at 13,140 units in October.

Don't expect drastic changes, continuity my mantra: Escorts chairman

Three consecutive years of strong tractor demand, backed by a normal monsoon, has helped the company's performance

Escorts Q1 profit rises 93% to Rs 1.21 bn on robust sales across segments

Revenue from operations rose by 29.9 per cent to Rs 15.11 billion as compared with the same period of previous fiscal

Escorts shares rise 7% on strong tractor sales in March

The stock moved higher by 7% to Rs 874 on the BSE in intra-day trade after the company reported a strong 65% yoy growth in tractor sales of 11,790 units in March 2018.

Escorts may outperform with record tractor sales in FY18, product launches

They expect the company's tractor volumes to rise at an annual rate of 10% over the FY17-20 period

Escorts: Strong second half ahead

Higher demand and product launches should drive volumes & market share

Escorts tractor sales up 14% in October; exports nearly double

Domestic tractor sales stood at 10,001 units as against 8,859 in October last year

Escorts gains on good June quarter earnings

The stock moved higher by 6% to Rs 679, recovering 8% from its intra-day low of Rs 627 on BSE

Escorts hits new high on good Q4 results; stock zooms over 100% in 2017

The stock hit a new high of Rs 681, up 6% on BSE in intra-day trade

Why Escorts' stock may continue to ride high

Preference for mid-cap stocks and diverse operations work in company's favour

Tractor maker Escorts plans cost cutting, to launch VRS for staff

Ties up with a global consultancy firm

Escorts scrip races ahead on sales, profit

Nikhil Nanda, the managing director at Escorts, was pleasantly surprised early this month. An employee at the shop floor walked up to him to talk about the strong performance in the company's stock price. The tractor maker's stock is not just generating interest inside the company. A series of block deals worth several crores of Rupees has taken place in recent trading sessions. Last week, the company's stock hit a fresh high of Rs 528, up four times from the low of Rs 130 in March last year. In last one month, it has rallied over 26 per cent. The Faridabad headquartered company is on a visible upswing. Tractor sales have grown by 23 per cent in first eleven months of FY17 (higher than industry's 17 per cent growth) and profit has surged over 54 per cent to Rs 101 crore in 9 months of the year. Volume growth has helped revenue increase 19 per cent to Rs 3,123 crore. Several block deals have happened recently in the company's stock where ace investor Rakesh Jhunjhunwala holds about ...

Escorts extends gain; stock zooms over 250% in FY17

Thus far in FY17, the stock has appreciated by 273% from Rs 139 as compared to 14% rise in Sensex.

Escorts hits new high

The stock was up 4% at Rs 478 after the company recorded 29.5% growth in tractor sales in February

Escorts hits record high on heavy volumes

The stock moved higher to its record high of Rs 415, up 8% on the BSE

Escorts rebounds post October sales

The stock moved higher by 3% to Rs 391 on BSE, bouncing back 5% from early morning low.

Escorts tractor sales up 37.8% in September

Domestic sales were at 7,664 units as against 5,576 units in September last year

Escorts, LIC Housing, Steel Strips Wheels hit record highs

Balkrishna Ind, Ceat, MRF, TVS Motor, Hikal, Ajanta Pharma, Goodyear India and Dalmia Bharat are 33 stocks from mid and smallcap hit record highs.

Escorts CSR consultant earns more than CSR spend

G B Mathur was paid a fee of Rs 2.5 crore, while co spent Rs 1.16 crore in FY16