Escorts

Escorts Announces that it will not Separate Entities

Escorts Announces that it will not Separate Entities Escorts Group in Delhi has just announced that it will make no plans to separate its three biggest businesses: agri-machinery, construction, and material handling equipment anytime soon.

A recent report in the newspaper states that the company was planning to lists its verticals but they will not longer separate the entities.

The purpose was to unlock the value of each entity and gain a good price. However, a spokesperson from Escorts states that they no longer plan to do that soon but a list opting to separate will take at least three to four years.

Buy Escorts With Stop Loss Of Rs 110

Buy Escorts With Stop Loss Of Rs 110Technical analyst Rakesh Bansal of New Age Wealth has maintained 'buy' rating on Escorts Limited stock with a target of Rs 148.

According to analyst, the investors can buy the stock with a stop loss of Rs 110.

Mr. Bansal said that the said target can be achieved within 4-5 trading sessions.

The stock of the company, on March 03, closed at Rs 122.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 245.95 and a low of Rs 102 on BSE.

Current EPS & P/E ratio stood at 12.03 and 10.24 respectively.

Buy Escorts With Stop Loss Of Rs 159

EscortsTechnical analyst Anil Manghnani of Modern Shares and Stockbrokers has maintained 'buy' rating on Escorts Limited stock with a target of Rs 185.

According to analyst, the investors can buy the stock with a stop loss of Rs 159.

The stock of the company, on December 27, closed at Rs 167.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 245.95 and a low of Rs 119 on BSE.

Current EPS & P/E ratio stood at 11.89 and 14.07 respectively.

Escorts Ltd showed a poor performance for the three month period ended September 2010.

Buy Escorts With Target Of Rs 230

Buy Escorts With Target Of Rs 230Stock market analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Escorts Ltd stock with target of Rs 230.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 210.

Mr. Zaveri added that the stock will attain the said target in a period of one week.

The stock of the company, on Sep 03, marked its closure at Rs 215.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 217.30 and a low of Rs 72.35 on BSE.

Escorts sees 106% rise in net

EscortsFor the quarter ending June 30, 2010, Escorts Limited said that it has seen a 106 per cent in net profit. In terms of money it comes to Rs. 458 million which is higher than Rs.222 million in the corresponding quarter of the last fiscal.

Profit before tax (PBT) of the agri-machinery making company was at Rs.684 million as against a profit of Rs. 414 million in the same quarter of last fiscal. Net sales during the period, increased by 38.5 per cent, to end at Rs. 8.06 billion; as against Rs. 58.2 billion; in the last fiscal.

Escorts heads to Africa

EscortsThe Indian tractor maker Escorts Ltd has moved its boat towards the African continent and is planning to expand its footprint in the region. It is believed that after the company has bagged a $40 million order to supply tractors to Tanzania, it has started to take more interest in the African market.

Moreover, a top official of the company recently said that the company will be expanding its presence in the African continent in the times to come.

Escorts to launch 3 new models in India

Escorts to launch 3 new models in IndiaApart from expanding its portfolio under the Railway Business division, Farm equipment and engineering goods maker Escorts has recently announced that it will launch three new models of tractors in the domestic market in the coming six months.

With a view to gain more ground in the domestic market, the new launches are aiming to take on the counterparts like Mahindra & Mahindra. Escorts Joint Managing Director Nikhil Nanda has recently said that the company has already launched two products with a high horsepower in the fiscal and it plans to launch 2-3 more in the remaining part of the year.

Buy Escorts For Long Term

Buy Escorts For Long TermTechnical analyst Rajen Shah of Angel Broking is bullish on Escorts and maintained 'buy' rating on the stock to achieve a long term target between Rs 250-260.

According to Mr. Shah, the stock will hit the said target in a period of 12-15 months.

Today, the shares of the company opened at Rs 177 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 179.30 and a low of Rs 40 on BSE.

Current EPS & P/E ratio stood at 15.88 and 11.26 respectively.

Escorts Ltd reported 21 per cent growth in sales

The manufacturers of tractors and construction equipment, Escorts Ltd reported a 21.2 per cent increase in sales during the quarter ended December 31, 2009.

The company follows an October-September accounting year.

The company announced that it sold 13,561 tractors in the first quarter, as against 10,135 in the same period last year.

Mr. Rajan Nanda, chairman and managing director of the firm said, "The agri-machinery division revenue grew by 22.5 per cent riding on market share gains by the new range of higher horse power tractors introduced last fiscal and a concerted push in designated markets."

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.

Buy Escorts For Short Term: Nirmal Bang

EscortsNirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on Escorts Ltd with a target of Rs 94 in the short term.

The report further stated that, if the counter is successful to breach Rs 87, then it will create a huge breakout

In addition, the firm has suggested a support level for the scrip at Rs 79.

Today (Sep 17), the shares of the company opened at Rs 85.50 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 3.14 & 26.42 respectively. The share price has seen a 52-week high of Rs 89.40 and a low of Rs 30.65 on BSE.




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