VST Tillers Tractors strengthens on entering into agreement with Karnataka Government

17 Mar 2016 Evaluate

VST Tillers Tractors is currently trading at Rs. 1535.00, up by 52.25 points or 3.52% from its previous closing of Rs. 1482.75 on the BSE.

The scrip opened at Rs. 1501.00 and has touched a high and low of Rs. 1539.75 and Rs. 1497.00 respectively. So far 1,243 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1660.00 on 07-Jul-2015 and a 52 week low of Rs. 1221.00 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 1539.75 and Rs. 1434.00 respectively. The current market cap of the company is Rs. 1,326.00 crore.

The promoters holding in the company stood at 53.99%, while Institutions and Non-Institutions held 18.85% and 27.17% respectively.

VST Tillers Tractors has entered into an agreement with the Karnataka Government for establishment of 92 Custom Hire Service Centres (CHSC) in nine districts. This will be a boon to small farmers and will revolutionize farm mechanization in Karnataka.

In its bid to reach out to the farmers of Karnataka, many of whom can ill-afford farm machinery, VST Tillers Tractors has come out with a novel scheme which has features that will help the small and marginal farming community to have sustainable agriculture production. This novel scheme can be scaled up to the entire state and also the country as it needs effective planning, based on farming needs locally.

VST Tillers Tractors was incorporated in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines.


VST Tillers Tractors Share Price

3658.15 202.15 (5.85%)
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