INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a sell call on Escorts Ltd
with a target price of Rs 710
The current market price of Escorts Ltd
is Rs 726.55 Time period given by analyst is Intra Day when Escorts Ltd
price can reach defined target
Dr CK Narayan recommended to keep stoploss at Rs 738
Escorts Ltd., incorporated in 1944, is a midcap company with a market cap of Rs 8905.82 crore.
Escorts Ltd
key Products/Revenue Segments include Tractors Agricultural which contributed Rs 4974.15 Crore to Sales Value (99.16 % of Total Sales), Sale
of services which contributed Rs 15.17 Crore to Sales Value (0.30 % of Total Sales), Scrap which contributed Rs 13.98 Crore to Sales Value
(0.27 % of Total Sales), Export Incentives which contributed Rs 10.35 Crore to Sales Value (0.20 % of Total Sales) and Other Operating
Revenue which contributed Rs 2.32 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 1511.29 Crore, up 5.24 % from last quarter Sales of Rs
1436.10 Crore and up 32.30 % from last year same quarter Sales of Rs 1142.30 Crore Company has reported net profit after tax of Rs 120.70
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.Ravi Dharm Narain, Mrs.Vibha Paul Rishi, Ms.Nitasha Nanda
Company has Walker, Chandiok Co.LLP as its auditoRs As on 01-06-2018, the company has a total of 122,576,878 shares outstanding.
