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Buy Escorts; target of Rs 1326: Anand Rathi

Anand Rathi is bullish on Escorts has recommended buy rating on the stock with a target price of Rs 1326 in its research report dated July 28, 2020.

July 30, 2020 / 06:30 PM IST
 
 
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Anand Rathi 's research report on Escorts


Despite the current challenges, we have seen faster revival in Escorts tractor business this quarter. Ahead, we believe its tractor business would grow in line with the industry, driven by strong rural demand across regions. With this, we expect demand to continue to grow in FY22. We maintain our Buy rating with a target of `1,326 (earlier 914).



Outlook


We maintain a Buy rating on the stock with a revised target of `1,326 (18x FY22e), earlier `914.





For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jul 30, 2020 06:30 pm

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