Pick of the Week - Escorts Limited
Escorts has been among the leading players in the tractor industry and well-known brand in the farm equipment space since independence.
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Escorts: Kubota Partnership To Drive Long Term Growth
We maintain our HOLD rating on the stock. We revise our Target Price to Rs 1,900 (Rs 1,450 earlier) based on 19X FY24E EPS (15X FY24E EPS earlier).
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Kubota to hike stake via preferential allotment, open offer
ESC's board on 18 Nov'21 approved sale of ~6.4% stake in the company to Japan's Kubota Corp. for ~INR18.7b (at INR2,000/share), taking Kubota's...
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Escorts: Kubota Takes a Co-Driver Seat, Now a Joint Promoter
Escorts is India’s fourth largest tractor maker (11.3% FY21 market share) and also serves the domestic construction equipment, railways space.
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Escorts Ltd:Operationally Inline Quarter
Escorts Ltd reported EBITDA of INR 210 cr led by better than expected revenue due to higher realization in tractor and construction equipment...
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