Escorts reaps a bounty in Jan

Escorts today rose almost 6% to hit a new 52-week high today at Rs.860.85 with an almost 1.5 times jump in volumes.

The company published its monthly sales numbers for January’18 and it has been a very good show. It showed a 46% (YoY) rise in monthly sales, selling 5,316 tractors. One has to remember that last year, there was the impact of demonetization and what we see now is the lower base effect at play.

Its domestic sales rose 45%  and exports showed a 8% increase.