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.
| Company Name | CMP |
|---|---|
| Escorts Kubota | 3294.65 |
| VST Tillers Tractors | 5277.00 |
| Indo Farm Equipment | 149.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: