Escorts jumped 5.27% to Rs 821.25 after reporting stellar February sales numbers.
Escorts’ Agri Machinery Segment (EAM) in February 2020 sold a total of 8,601 tractors, registering a growth of 18.8% against 7,240 tractors sold in February 2019. On a sequential basis, total sales rose 19.41% from 6,063 units recorded in January 2020.
The company’s domestic tractor sales in February 2020 stood at 8,049 tractors registering a growth of 16.3% against 6,918 tractors in February 2019. Exports in February 2020 stood at 552 tractors as against 322 tractors sold in February 2019, up 71.4% YoY.
The Escorts Group is an Indian engineering company that operates in the sectors of agri-machinery, construction and material handling equipment, and railway equipment.
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