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Escorts tractor sales surge 126% YoY in March

Escorts Agri Machinery Segment (EAM) in March 2021 sold 12,337 tractors, its highest ever March sales, and registered a growth of 126.6% against 5,444 tractors sold in March 2020.Sequentially, the company s tractor sales have increased by 9.86% last month from 11,230 units sold in February 2021.
Domestic tractor sales in March 2021 stood at 11,730 tractors, registering a growth of 124.4% from 5,228 tractors sold in March 2020. Escorts said the tractor demand is expected to continue to be strong led by higher Rabi output, favourable crop prices, and initial positive forecast of 2021 monsoon season, all supporting rural customer sentiments. The rising inflation however continues to be a worry, the company said in a statement. ....

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Equity indices trade with small gains; breadth strong

Barometers traded with small gains in early afternoon trade. All the sectoral indices on the NSE were in the green. Metal, pharma and PSU banks stocks rallied while FMCG shares saw profit selling.
At 12:29 IST, the barometer index, the S&P BSE Sensex, was up 109.43 points or 0.22% at 49,618.51. The Nifty 50 index added 51.3 points or 0.35% at 14,742.25.
In broader market, the S&P BSE Mid-Cap index gained 0.72% while the S&P BSE Small-Cap index added 1.38%.
The market breadth was strong. On the BSE, 1939 shares rose and 714 shares fell. A total of 152 shares were unchanged.
The buying was supported by positive cues from other Asian stock markets, backed by surveys showing higher production across Asia s factories last month, and the the U. S. government s $2 trillion spending plan. ....

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Escorts gains after tractor sales jump 30% YoY in Feb

Read more about Escorts gains after tractor sales jump 30% YoY in Feb on Business Standard. Escorts Agri Machinery Segment (EAM) in February 2021 sold 11,230 tractors, its highest ever February sales, and registered a growth of 30.6% over February 2020. ....

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Escorts records 49% growth in January tractor sales

Read more about Escorts records 49% growth in January tractor sales on Business Standard. Achieves its highest ever January sales of 9,021 tractors ....

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