Jul 13, 2005, 02.06 PM IST | Source: CNBC-TV18

Tractor industry would report decent numbers

Investment Advisor, PN Vijay, is of the opinion after a long time the tractor industry is enjoying a good demand. The entire pack is likely to give decent numbers going forward, he says.

Your Stocks

Excerpts from Your Stocks on CNBC-TV18 Watch the full show »

Investment Advisor, PN Vijay, is of the opinion after a long time the tractor industry is enjoying a good demand. The entire pack is likely to give decent numbers going forward, he says.

Vijay told CNBC-TV18, "Punjab Tractors have been on a downtrend for a long time. Remember a couple of years ago it used to be Rs 200 plus when the takeover took place. After that it went into a long bear hug. The tractor industry is enjoying good demand after a long time. The industry was carrying huge inventories in 04 and they ran out of that in 05 and now they got the pricing power back. The whole tractor pack, Eicher , Mahindra&Mahindra , Punjab Tractors , Escorts , most of them would report very decent numbers going forward."

Quick Links      

  • Are you invested in the top performing mutual fund?  Click here
  • For News, Views & Analysis on IPOs Click here
  • Did you pick the best performing MF IPO in 2005? Click here
  • For a quick guide to Financial Statements Click here
  • To evaluate your life insurance needs - Click here


 

 

 

 

Set email alert for
Eicher M&M Pix Transmis
Escorts

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1714.82 2.86 0.17%

26252

Bought today

2726

Sold today

0.13%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.