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Delayed monsoon buries tractor sales in September; analysts cautious on M&M, Escorts outlook

M&M, Escorts Kubota, and VST Tillers & Tractors – all reported tepid tractor sales for September 2023. However, with the recovery of the prospects for monsoon rains, the managements see festive season to be promising

At the bourses, shares of M&M have surged 34 percent in the past six months, while Escorts Kubota and VST Tillers skyrocketed 70 percent and 61 percent, respectively

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