Kotak Securities recommended accumulate rating on Escorts with a target price of Rs 803 in its research report dated November 01, 2017.
October sales for Escorts were above estimates while Q2 earnings met street estimates. In an interview to CNBC-TV18, Bharat Madan, CFO of Escorts shared his views and readings on the same.
Revenue from operations during the period under review stood at Rs 1,211.69 crore. It was Rs 982.7 crore in the same quarter last fiscal. The figures are not comparable due to GST implementation from July this year, the company said.
Ashwani Gujral of ashwanigujral.com suggests buying UPL, VIP Industries and Escorts.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Sun Pharma and Escorts and can sell Indiabulls Real Estate, United Spirits and Strides Shasun.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy PC Jeweller, HCL Tech, Ashok Leyland, Hindustan Unilever, Escorts and LIC Housing Finance and ,can sell Reliance Capital.
Mitessh Thakkar of miteshthacker.com recommends buying Sun Pharma and Escorts.
Ashwani Gujral of ashwanigujral.com advises buying Jubilant Foodworks, Future Consumer, Tata Chemicals and Raymond.
Domestic tractor sales stood at 10,144 units as against 7,664 units in September last year, up 32.4 per cent, Escorts Ltd said in a BSE filing.
Ashwani Gujral of ashwanigujral.com recommends buying CESC, Escorts, Indraprastha Gas, Chennai Petroleum and Welspun Corp.
September series' derivative data is stronger than August series as we have been continuously seeing open interest addition post expiry.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 10020 and the resistance is at 10138-10150. Bank Nifty on the other hand has support at 24600 and resistance at 25000.
Ashwani Gujral of ashwanigujral.com recommends buying India Cements, Voltas and Escorts.
CNBC-TV18 spoke to Nikhil Nanda, MD, Escorts at the launch of their next generation of tractors. The idea of this launch to prepare for the future, to showcase for the future, said Nanda.
We have collated a list of 20 stocks in which top market mavens have picked up considerable stake in those companies as per June quarter.
On back of volume growth, the company also expects expansion in margins this quarter, said Madan in an interview to CNBC-TV18 from the sideline so of Motilal Oswal Conference 2017.
Ashwani Gujral of ashwanigujral.com recommends buying IndusInd Bank, Escorts and Motherson Sumi.
Domestic tractor sales grew by 19.9 percent year-on-year to 4,398 units while exports increased 243.6 percent to 189 units in August.
Ashwani Gujral of ashwanigujral.com suggests buying LIC Housing Finance, Maruti Suzuki and Escorts.
According to Mitessh Thakkar of mitesshthakkar.com, one can buy VIP Industries and Hexaware Technologies and sell Escorts, Federal Bank and Kotak Mahindra Bank.
Prakash Gaba of prakashgaba.com feels that crucial support for the Nifty is at 9685 and the resistance is at 9860-9911 while he has four sell calls including DCB Bank, Escorts, JSPL and NIIT Technologies.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts, IIFL Holdings and Petronet LNG.
Rajat Bose of rajatkbose.com is of the view that one can buy HDIL and can sell Escorts and NMDC.
According to Prakash Gaba of prakashgaba.com, the first sign of strength would be a close above the 10000 mark. The crucial support for Nifty is at 10000-9968 and the resistance is at 10149-10248-10536. Bank Nifty on the other hand has support at 24450 and resistance at 25000.
Expectation of some bit of consolidation cannot be ruled out in the coming week and investors will be better off taking bets on individual stocks.