Buy Escorts With Stoploss Of Rs 110.50

EscortsStock market analysts are of the view that investors can buy Escorts Ltd stock to achieve an intraday target between Rs 116-118.

According to them, investors can buy the stock around Rs 113.50 with a strict stop loss of Rs 110.50.

Shares of the company, on Wednesday (Nov 11), closed at Rs 113.35 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 131.50 and a low of Rs 30.65 on BSE. Current EPS & P/E ratio of the stock stood at 4.67 & 24.70 respectively.

ValueFirst Messaging, the country's top enterprise mobility and communication services nowadays, during Oct 2009, bought Cellnext Solutions, a division of Escorts.

With connectivity crosswise all major Indian telecoms, Cellnext Solutions is one of the top enterprise messaging and mobile value-added services (VAS) players in the country.

With a huge customer base and advanced IP, Cellnext is aimed to develop considerably in the coming time.

Post acquirement, ValueFirst plans to operate Cellnext separately. ValueFirst would hold and originate the Cellnext brand.

ValueFirst will leverage its substantial sales structure and procedures to build upon Cellnext's domain expertise and verticalised product offerings.

The Escorts Group, is among the country's major engineering conglomerates functioning in the high growth segments of agriculture equipment, building & material handling tools, railway equipment and auto parts.

Moreover, Escorts played a key role in the agricultural development of the country for more than five decades.

One of the top tractor makers of India, Escorts provides a broad variety of tractors, over 45 versions starting from 25 to 80 HP.