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Escorts inches up on hiking stake in Escorts Securities to 78%

03 Apr 2018 Evaluate

Escorts is currently trading at Rs. 883.50, up by 0.30 points or 0.03% from its previous closing of Rs. 883.20 on the BSE.

The scrip opened at Rs. 882.80 and has touched a high and low of Rs. 889.00 and Rs. 879.80 respectively. So far 22,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 921.90 on 07-Feb-2018 and a 52 week low of Rs. 518.60 on 07-Apr-2017.

Last one week high and low of the scrip stood at Rs. 889.00 and Rs. 815.10 respectively. The current market cap of the company is Rs. 10,815.00 crore.

The promoters holding in the company stood at 40.04%, while Institutions and Non-Institutions held 27.24% and 32.71% respectively.

Escorts has increased its shareholding in its subsidiary company - Escorts Securities. The company has acquired 35,00,000 shares of Escorts Securities. Before acquisition, the company held 19,60,000 shares (49%) of Escorts Securities, while post acquisition the company is now holding 54,60,000 shares  (78%) in Escorts Securities.

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.


Peers
Company Name CMP
Escorts Kubota 2856.45
VST Tillers Tractors 4466.15
Indo Farm Equipments 138.25
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