Escorts: Results In Line with Expectations; Muted Outlook On Tractor Industry
We maintain our HOLD rating on the stock keeping our target price unchanged at Rs 1,900, valuing the company at 19x FY24E P/E.
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India Channel Insight #25 | Mahindra and Mahindra, Escorts
We interact with two dealers of Mahindra & Mahindra (MM IN) & Escorts Ltd (ESC IN) to understand the current demand environment and sales outlook
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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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