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Escorts soars on concluding divestment of OEM, Export business of Auto Products division

08 Dec 2016 Evaluate

Escorts is currently trading at Rs. 326.90, up by 7.10 points or 2.22% from its previous closing of Rs. 319.80 on the BSE.

The scrip opened at Rs. 325.80 and has touched a high and low of Rs. 329.45 and Rs. 322.00 respectively. So far 61167 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 414.20 on 04-Oct-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. 329.45 and Rs. 310.95 respectively. The current market cap of the company is Rs. 4007.04 crore.

The promoters holding in the company stood at 42.99%, while institutions and non-institutions held 15.80% and 41.21% respectively.

Escorts’ has completed the divestment of its Original Equipment Manufacturer (OEM) & Export business of Auto Products division to Pune’s Badve Engineering on December 6, 2016.

Earlier in August, the company had inked an agreement to sell its OEM & Export business of Auto Products division to Badve Engineering. The all-cash deal was 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 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%)
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Peers
Company Name CMP
Escorts Kubota 3294.65
VST Tillers Tractors 5277.00
Indo Farm Equipment 149.45
View more..

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