Two tractor stocks: Escorts Kubota shares fall 6%; VST Tillers shares rally 5% after September sales
Escorts Kubota shares fell sharply on Thursday after September tractor sales declined 16.7% year-on-year, while VST Tillers shares rose 5% as total sales jumped 33%. Escorts cited a high base, festive season shift, patchy monsoon and lower Kharif sowing. Brokerages expect rural demand, festive buying and improving liquidity to support auto-sector volumes.
Key Takeaways
- Escorts Kubota shares fell sharply on Thursday after September tractor sales declined 16.7% year-on-year, while VST Tillers shares rose 5% as total sales jumped 33%.
- Escorts cited a high base, festive season shift, patchy monsoon and lower Kharif sowing.
- Brokerages expect rural demand, festive buying and improving liquidity to support auto-sector volumes.
Escorts Kubota shares fell sharply on Thursday after September tractor sales declined 16.7% year-on-year, while VST Tillers shares rose 5% as total sales jumped 33%. Escorts cited a high base, festive season shift, patchy monsoon and lower Kharif sowing. Brokerages expect rural demand, festive buying and improving liquidity to support auto-sector volumes.
Original Publisher Attribution
This summary was curated from Economic Times.