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16-Aug2016

Escorts trades in green on the bourses

Escorts is currently trading at Rs. 305.90, up by 6.50 points or 2.17% from its previous closing of Rs. 299.40 on the BSE.

The scrip opened at Rs. 300.00 and has touched a high and low of Rs. 314.95 and Rs. 298.80 respectively. So far 777385 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 314.95 on 16-Aug-2016 and a 52 week low of Rs. 112.70 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 311.85 and Rs. 255.20 respectively. The current market cap of the company is Rs. 3748.40 crore.

The promoters holding in the company stood at 43.01%, while Institutions and Non-Institutions held 11.96% and 45.03% respectively.

Escorts has sold its Original Equipment Manufacturer (OEM) and export business of auto products division to Pune's Badve Engineering. The all-cash deal is part of the company's planned strategic reorientation of the business to focus on core verticals in the agri-machinery, construction equipment and railway equipment.

Escorts' auto products business comprises an extensive product basket catering to the OEMs and replacement market in India and overseas markets for all vehicle categories including motorcycles, scooters, passenger cars, commercial vehicles, and multi-utility vehicles.

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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