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Covid hit in the hinterland threatens to spoil it for Jhunjhunwala's top agri bet

Covid hit in the hinterland threatens to spoil it for Jhunjhunwala’s top agri bet
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If good monsoon predictions could have added buoyancy to the stocks linked to the rural sector and agriculture, Covid 2.0 is playing spoiler.
ETMarkets.com
Ace investor Rakesh Jhunjhunwala held 6,400,000 shares, or 4.8%, stake in the company as of March end.
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NEW DELHI: The second wave of Covid-19 pandemic is hitting India’s hinterland very hard, not something seen during the first wave.
That has altered the equations for Dalal Street.
So, if good monsoon predictions could have added buoyancy to the stocks linked to the rural sector and agriculture, Covid 2.0 is playing spoiler. ....

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Escorts, Schneider Electric: Two stocks that Vaishali Parekh is bullish on

BUY ESCORTS | CMP: Rs 1,267 | Target: Rs 1,420-1,450 | Stop Loss: Rs 1,200
The stock has witnessed a decent correction, bottoming out near the trendline support zone of 1200 level. The trend is currently indicating a trend reversal to improve the bias. The chart looks attractive with the RSI also improving the bias and indicating a trend reversal to signal a buy. We suggest to buy and accumulate this stock for an upside target of 1,400-1,450 keeping the stop loss of 1,180.
BUY SCHNEIDER ELECT | CMP: Rs 96.50 | Target: Rs 114-120 | Stop Loss: Rs 90
The stock has corrected well from the peak levels and is now consolidating. It has made a double bottom formation pattern near 90 levels to form a strong base and has picked up momentum to improve the bias. The RSI too has indicated a trend reversal to signal a buy and we anticipate further upward movement from here on. We suggest to buy and accumulate this stock for an upside target of 114-120 keeping the stop loss of 90. ....

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Escorts gains 4% on posting highest-ever tractor sales for December month

Shares of Escorts were trading 4 per cent higher at Rs 1,310 on the BSE in early morning trade on Friday after the company registered a strong 88 per cent year-on-year (YoY) growth in tractor sales at 7,733 units for the month of December. The tractor sales during the month were the company s highest-ever for the month of December.
“Agri Machinery Segment (EAM) in December 2020 sold 7,733 tractors, our highest ever December sales and registered a growth of 88 per cent against 4,114 tractors sold in December 2019,” Escorts said in an exchange filing.
The domestic tractor sales for December 2020 were at 7,230 units, registering a growth of 90 per cent, against 3,806 tractors sold in December 2019. The export tractor sales during the month grew 63 per cent YoY at 503 tractors against 308 tractors sold in the same month of the previous year, it said. ....

Machinery Segment , Escorts Share Price , Escorts December Sales , Markets News , இயந்திரங்கள் பிரிவு , எஸ்கார்ட்ஸ் பகிர் ப்ரைஸ் , எஸ்கார்ட்ஸ் டிசம்பர் விற்பனை , சந்தைகள் செய்தி ,