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Escorts Agri Equipment stories highest ever January gross sales in January 2021

Escorts Ltd’s Agricultural Equipment (EAM) segment sold 9,021 tractors in January 2021, our highest sales ever in January, growing 48.8 percent from 6,063 tractors sold in January 2020.

Domestic tractor sales stood at 8,510 tractors in January 2021, growing 45.6 percent from 5,845 tractors in January 2020. The tractor market remains strong due to positive macroeconomic factors and strong rural cash flows. The situation on the supply side is normalizing and will probably no longer represent a bottleneck to meet demand. However, rising inflation remains a matter of concern.

Export tractor sales stood at 511 tractors in January 2021 compared to 218 tractors sold in January 2020, representing a growth of 134.4 percent.

Shares of ESCORTS LTD. the last trade in BSE was at Rs.1205.5 compared to the previous close of Rs. 1224.6. The total number of shares traded during the day was 65,895 in over 4,322 trades.

The stock hit an intraday high of Rs. 1242.55 and an intraday low of 1201.5. Net sales during the day were Rs. 80391175.