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Escorts Kubota inches up as its agri machinery segment reports rise of 16.5% in January tractors sales

01 Feb 2023 Evaluate

Escorts Kubota is currently trading at Rs. 2097.15, up by 8.00 points or 0.38% from its previous closing of Rs. 2089.15 on the BSE.

The scrip opened at Rs. 2099.00 and has touched a high and low of Rs. 2120.00 and Rs. 2096.80 respectively. So far 2202 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2358.75 on 01-Dec-2022 and a 52 week low of Rs. 1400.00 on 30-Jun-2022.

Last one week high and low of the scrip stood at Rs. 2120.00 and Rs. 1961.45 respectively. The current market cap of the company is Rs. 27564.37 crore.

The promoters holding in the company stood at 72.90%, while Institutions and Non-Institutions held 12.44% and 14.65% respectively.

Escorts Kubota’s Agri Machinery Segment has sold 6,649 tractors in January 2023, registering a growth of 16.5% as against 5,707 tractors sold in January 2022. Domestic tractor sales in January 2023 were at 6,235 tractors registering a growth of 22.2% as against 5,103 tractors sold in January 2022. Retail demand across geographies remained strong. Crop prices, both in the wholesale market as well as the Minimum Support Prices (MSPs) are better than last year and growth trends are expected to continue during this quarter on the back of positive customer sentiments led by ample finance availability, better rabi sowing and early festive season in the month of March this year. Export tractor sales in January 2023 was at 414 tractors as against 604 tractors sold in January 2022.

Escorts Kubota is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.

Escorts Kubota Share Price

2965.00 14.85 (0.50%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Escorts Kubota 2965.00
VST Tillers Tractors 4552.05
Indo Farm Equipments 164.75
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