ICICI Direct has a call to buy with a target price of Rs 1390. The current market price of Escorts Ltd. is Rs 1356.
Escorts Ltd., founded in 1944, is a mid-cap company (with a market capitalization of Rs 18,526.27) operating in the automotive sector.
For the quarter ended 12/31/2020, the company reported total consolidated income of Rs 2090.93 crore, up 23.48% over the previous quarter to total income of Rs 1693.37 crore and up 24.60% over the year-ago quarter of total income of Rs 1678.15 crore. The company reported net income after tax of Rs 279.46 for the most recent quarter.
The price resumes the uptrend after consolidation and holds the EMA for 20 days
Promoter / FII Holdings
As of March 31, 2020, the promoters held 40.25 percent of the shares in the company, while the FIIs held 19.28 percent, the DIIs 9.94 percent, and the public and others held 30.5 percent of the shares.