Comments
Escorts shares surged on Monday on a news report that its joint venture with Kubota Corportion has begun commercial production from September 25 amid better growth outlook for the tractor industy for the current fiscal.
Also, the tractor industry has revised its growth outlook upwards to high single-digit for the current fiscal from a marginal positive rate as the rural economy remains a silver lining amid Covid-19 crisis.
Reacting positively to these reports, the stock Escorts advanced by 90.20, or 7.50 per cent, to Rs 1,293.60 on the NSE today. Volumes traded in the counter were around 33 lakh shares as of now on the NSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.