Escorts gains on launching Anti Lift Tractors

Escorts is currently trading at Rs. 127.75, up by 1.45 points or 1.15% from its previous closing of Rs. 126.30 on the BSE.

The scrip opened at Rs. 126.90 and has touched a high and low of Rs. 127.15 and Rs. 126.55 respectively. So far 15,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 174.25 on 29-Oct-2014 and a 52 week low of Rs. 102.15 on 08-May-2014.

Last one week high and low of the scrip stood at Rs. 129.70 and Rs. 120.20 respectively. The current market cap of the company is Rs. 1,565.00 crore.

The promoters holding in the company stood at 41.96% while Institutions and Non-Institutions held 10.57% and 47.47% respectively.

Escorts has brought in a series of innovations to redefine the tractor market. Their Powertrac Euro series has created new standards in aesthetics & comfort. Through XP Engine Series, the company has created benchmarks in fuel efficiency. Now, Escorts has launched a new category of tractors called ‘Anti Lift Tractors’.

Built around the themes of driver safety and owner savings, the new category of ‘Anti Lift Tractors’ (ALT), made specifically for commercial haulage operators, are available in two models: ALT 4000 and ALT 3500. This is ALT technology version 1.0, which Escorts is planning to extend further to newer versions 2.0 and 3.0 in the long run to bring even more safe, robust and efficient products for this growing segment.

Escorts R&D has developed an innovative technology through series of path breaking measures such as shifting the center of gravity and hitch point forward, unique hub-reduction transmission, increased wheel base, heavy front axle, stiffener bars and plates, custom-designed 85kg front bumpers and high-intensity extra front lamps. These features considerably improve the front Lift resistance capability of the tractor.

This is further complemented with a series of additional attributes that provide ultimate savings for the tractor owner; such as certified fuel-efficient engine, haulage-special low-wear rear tyres, 4-coat high-life yellow paint, long life oil brakes, and 20% bigger fuel tank.

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.