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Escorts trades in fine fettle on bourses

30 May 2014 Evaluate

Escorts is currently trading at Rs. 125.20, up by 3.35 points or 2.75 % from its previous closing of Rs. 121.85 on the BSE.

The scrip opened at Rs. 123.20 and has touched a high and low of Rs. 126.20 and Rs. 121.85 respectively. So far 705615 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.15 on 26-Dec-2013 and a 52 week low of Rs. 63.20 on 30-May-2013.

Last one week high and low of the scrip stood at Rs. 136.95 and Rs. 120.70 respectively. The current market cap of the company is Rs. 1534.05 crore.

The promoters holding in the company stood at 41.97 % while Institutions and Non-Institutions held 9.06 % and 48.97 % respectively.

In a bid to make the company more frugal and concentrate on lean manufacturing, Tractor manufacturer Escorts is planning to cut around 800 jobs by March 2015. In this regard, the company has started the process of reducing workforce and has offered a voluntary retirement scheme to around 300 people, apart from a few who were asked to leave for ‘non-performance’ and some who are retiring in the coming months.

In the recent past, the company had asked many employees from various verticals to leave as well as over 65 people from the senior management who were not performing.

The company has around 5,000 (blue collar and white collar) permanent employees right now, which would be brought down to around 4,200 by March 2015.

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.

Escorts Kubota Share Price

3294.65 9.50 (0.29%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Escorts Kubota 3294.65
VST Tillers Tractors 5277.00
Indo Farm Equipment 149.45
View more..

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