Apr 16, 2021 10:19 PM IST

Ideas For Profit | Will the auto sector continue its fast-track race amidst the second wave of COVID-19?

The demand for personal vehicles and two-wheeler segments shot through the roof post the unlocking as people tried to avoid public transport, the recovery in demand was quite exceptional. Tractor & commercial vehicles witnessed slow recovery post unlocking. But now they are catching up fast as sales start to witness growth from pre-COVID levels. Watch the video to know more

What does the future hold for automakers amid the second wave of COVID?

As we start off with the new fiscal, albeit with a second wave of the pandemic, investors are facing multiple questions about the auto sector

Escorts share price falls despite price hike announcement

Broking firm Angel Broking has kept a buy call on the stock with a price target of Rs 1,573 per share.

Buy Escorts; target of Rs 1577: SPA Securities

SPA Securities is bullish on Escorts has recommended buy rating on the stock with a target price of Rs 1577 in its research report dated February 19, 2021.

Hold Escorts: target of Rs 1500: ICICI Direct

ICICI Direct recommended hold rating on Escorts with a target price of Rs 1500 in its research report dated February 03, 2021.

Reduce Escorts; target of Rs 1368: Dolat Capital Market

Dolat Capital Market recommended reduce rating on Escorts with a target price of Rs 1368 in its research report dated January 29, 2021.

December quarter analyst call: Escorts may increase prices in Q1FY22, expects growth in exports

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 71.5% at Rs 364 crore against Rs 212.2 crore and margin was at 18.1% versus 13%.

Escorts firing on all cylinders; valuations at fair level

Escorts' strong position in the domestic market and new products make us confident about its business while its valuation is at a fair level

Escorts Standalone December 2020 Net Sales at Rs 2,017.43 crore, up 23.51% Y-o-Y

Escorts Consolidated December 2020 Net Sales at Rs 2,042.23 crore, up 23.76% Y-o-Y

Escorts share price rises 7% post Q3 results, Jan sales data

Its domestic tractor sales in January 2021 was at 8,510 tractors registering a growth of 45.6 percent against 5,845 tractors in January 2020.

Auto industry continues to cruise fast

The highlights for January are a strong demand recovery for commercial vehicles (CVs), a sharp uptick in export volume and an exceptional growth in the tractor segment

Escorts Q3 PAT seen up 70.8% YoY to Rs. 261 cr: ICICI Direct

Net Sales are expected to increase by 29.5 percent Y-o-Y (up 29 percent Q-o-Q) to Rs. 2,115 crore, according to ICICI Direct.

Buy Escorts; target of Rs 1610: CD Equisearch

CD Equisearch bullish on Escorts has recommended buy rating on the stock with a target price of Rs 1610 in its research report dated January 05, 2021.

Escorts share price rises 3% on strong December sales number

Export tractor sales in December 2020 was at 503 against 308 sold in December 2019, registering a growth of 63.3 percent.

Bit of an auto slowdown post festivities, but still cruising comfortably

Auto sales numbers for November show commercial vehicle volumes have picked up pace, but three wheelers continue to face a bumpy road

Escorts shares fall 3% despite robust November sales

Domestic tractor sales in November was at 9,662 tractors registering a growth of 30.9 percent against 7,379 tractors in November 2019.

Buy Escorts; target of Rs 1442: Emkay Global Financial

Emkay Global Financial is bullish on Escorts has recommended buy rating on the stock with a target price of Rs 1442 in its research report dated November 03, 2020.

Accumulate Escorts; target of Rs 1334: Dolat Capital Market

Dolat Capital Market recommended accumulate rating on Escorts with a target price of Rs 1334 in its research report dated November 02, 2020.

Buy Escorts; target of Rs 1460: ICICI Direct

ICICI Direct is bullish on Escorts has recommended buy rating on the stock with a target price of Rs 1460 in its research report dated November 03, 2020.

Escorts Q2 performance strong; valuations at fair level

Escorts continues to be in a sweet spot as it caters to rural areas where the buying sentiment is positive

Escorts Standalone September 2020 Net Sales at Rs 1,639.70 crore, up 23.86% Y-o-Y

Escorts Consolidated September 2020 Net Sales at Rs 1,654.18 crore, up 24.02% Y-o-Y

Escorts posts over two-fold jump in Q2 profit at Rs 227 crore

Revenue from operations during the period under review stood at Rs 1,654.18 crore as against Rs 1,333.77 crore in the second quarter last fiscal, it added.

Rakesh Jhunjhunwala cuts stake in Escorts to 5.64%; shares slip in trade

The share touched its 52-week high Rs 1,342.70 and 52-week low Rs 527.10 on 30 September, 2020 and 19 March, 2020, respectively.