INSUBCONTINENT EXCLUSIVE:
CK Narayan of Chart Advise has a buy call on Escorts Ltd
with a target price of Rs 690
The current market price of Escorts Ltd
Time period given by the analyst is Intra Day when Escorts Ltd
price can reach defined target
CK Narayan recommended to keep stoploss at Rs 663
Escorts Ltd., incorporated in 1944, has a market cap of Rs 8228.59 crore.
Escorts Ltd
key Products/Revenue Segments include Tractors Agricultural which contributed Rs 6116.76 Crore to Sales Value (98.71 % of Total Sales),
Scrap which contributed Rs 30.28 Crore to Sales Value (0.48 % of Total Sales), Other Operating Revenue which contributed Rs 24.73 Crore to
Sales Value (0.39 % of Total Sales), Sale of services which contributed Rs 14.01 Crore to Sales Value (0.22 % of Total Sales) and Export
Incentives which contributed Rs 10.58 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1333.77 Crore, down -7.41 % from last quarter Sales
of Rs 1440.45 Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs 102.24
The company’s top management includes Dr.Sutanu Behuria, Mr.D J Kakalia, Mr.G B Mathur, Mr.Hardeep Singh, Mr.Nikhil Nanda, Mr.P H
Ravikumar, Mr.Shailendra Agrawal, Mr.Sunil Kant Munjal, Mrs.Vibha Paul Rishi, Ms.Nitasha Nanda
Company has Walker, Chandiok - Co.LLP as its auditoRs As on 30-09-2019, the company has a total of 122,576,878 shares outstanding.