November 26, 2022

Dealer’s Name: Escorts Kubota (Promote)

Brokers Call Escorts Kubota Sell

Brokers Call Escorts Kubota Sell

Goal: ₹1,783

CMP: ₹2,015.20

Escorts Kobota’s Q2-FY23 income grew 13 per cent year-on-year, pushed by 12.5 per cent quantity development within the tractor section. Nonetheless, gross sales from the development gear section was down 14.6 per cent y-o-y.

We anticipate the volumes to extend because of the authorities’s push in infrastructure. In railway, tendering has picked up and the present order e-book stands at ₹900 crore.

EBITDA margin got here in beneath our expectations at 8 per cent as a result of inflation,…

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