Margins hold steady, but regional gaps and construction slowdown pose challenges to growth
Emkay Global Financial is bullish on Escorts has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated February 11, 2025.
After a soft first half, the tractor industry is expected to gain momentum in the second half of the ongoing fiscal, growing in double digits, leading to an overall mid-single digit growth for the full year.
Emkay Global Financial is bullish on Escorts has recommended buy rating on the stock with a target price of Rs 4700 in its research report dated October 08, 2024.
On the lower side, crucial support is at 2,900. The short to medium term trend will remain positive as long as the stock holds this level on a closing basis
A decline in raw material prices rescues margins
Big upsides look unlikely as things don’t seem to be getting better in the US, never mind the strong jobs market
The India growth story is intact, but can our high valuations sustain in the backdrop of a bleak global economy?
Tractors, the company’s mainstay, are likely to see a low-single digit growth in the current fiscal
Monsoon plays spoilsport as automakers report a sequential decline in volumes