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13-Dec2017

Escorts trades higher on the bourses

Escorts is currently trading at Rs. 679.85, up by 5.55 points or 0.82% from its previous closing of Rs. 674.30 on the BSE.

The scrip opened at Rs. 672.00 and has touched a high and low of Rs. 681.20 and Rs. 672.00 respectively. So far 16759 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 788.00 on 31-Oct-2017 and a 52 week low of Rs. 277.50 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 688.50 and Rs. 645.00 respectively. The current market cap of the company is Rs. 8306.42 crore.

The promoters holding in the company stood at 42.98%, while institutions and non-institutions held 21.09% and 35.93% respectively.

Escorts is reportedly planning to increase product offering in the construction equipment space. The company is planning to do the same through joint ventures and technical collaborations besides in-house development to cover 90% of market in two years.

The company is planning to roll out more products in material handling and earth-moving space to increase its market share to 90% even as the market for construction equipment is looking up after several years of slowdown on the back of the government's infrastructure push.

The company currently accounts for about 14% of the group's turnover and its products cover 57% of the market for construction equipment.

Escorts offer a comprehensive range of tractors with more than 45 variants starting from 25 to 80 HP. The company also manufactures and markets a diverse range of equipments like cranes, loaders, vibratory rollers and forklifts.


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