Yes, Securities has a call to buy for escorts near Rs 1,330 with a target price of Rs 1,430. The current price for escorts is Rs 1,349.8. Yes. Securities recommend maintaining a stop loss at Rs 1,280.
Escorts, founded in 1944, is a mid-cap company with a market capitalization of Rs.18,229.63 billion operating in the automotive sector.
Escorts key product / sales segments include agricultural tractors, other operating income, scrap metal, sales of services and export incentives for the fiscal year ending March 31, 2020.
For the quarter ended December 31, 2020, the company reported total consolidated revenues of Rs 2,090.93 billion, up 23.48 percent over the last quarter’s total income of Rs 1,693.37 billion and an increase of Rs 24.60 Percent over total income for the year-ago quarter of Rs 1,678.15 crore. The company reported net income after tax of Rs 279.46 billion for the most recent quarter.