StoxBox's report on Escorts Kubota
Escorts Kubota Ltd. (EKL) is one of the leading engineering conglomerates in India involved in the manufacturing of farming and construction equipment. The company has in-house research and development centre and collaborations with global technology leaders. They have three business divisions consisting of agri-machinery which involves tractors, engines, spare parts and lubes. The other is the construction equipment division which manufactures material handling, road compaction and earth-moving equipment. The third division is the railway equipment division which manufactures brake systems, couplers, suspension systems, friction & rubber products. All the above equipment is manufactured at six plants located in the state of Haryana.
Outlook
We reiterate a buy between CMP-2180 for a 17% upside for the target of 2588 and stop loss at 2070.
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