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Escorts inches up on entering into JV with Tadano Group

27 Aug 2018 Evaluate

Escorts is currently trading at Rs. 892.00, up by 0.70 points or 0.08% from its previous closing of Rs. 891.30 on the BSE.

The scrip opened at Rs. 891.30 and has touched a high and low of Rs. 897.20 and Rs. 886.50 respectively. So far 42233 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1018.50 on 02-May-2018 and a 52 week low of Rs. 599.70 on 29-Aug-2017.

Last one week high and low of the scrip stood at Rs. 910.45 and Rs. 870.10 respectively. The current market cap of the company is Rs. 10999.24 crore.

The promoters holding in the company stood at 40.07%, while Institutions and Non-Institutions held 29.80% and 30.13% respectively.

Escorts and Tadano Group, Japan's biggest and world's leading mobile crane manufacturer, have entered into joint venture (JV) to manufacture rough terrain cranes and truck mounted cranes. The JV will strengthen Escorts technology leadership and market presence in the material handling equipment space.

The JV will leverage the cost effective frugal Indian engineering excellence of Escorts and world leading Japanese technology from Tadano to cater to an expanding market for heavier capacity and efficient Truck & RT Cranes and sophisticated truck mounted and rough terrain cranes in the 20 to 80 tonnage category. The 51:49 JV between Tadano and Escorts respectively will enable both partners to optimize their current and future capabilities in the segment globally.

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

3295.00 0.35 (0.01%)
20-Apr-2026 10:38 View Price Chart
Peers
Company Name CMP
Escorts Kubota 3295.00
VST Tillers Tractors 5275.55
Indo Farm Equipment 148.20
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