Escorts shares jump 4% as Dec sales up 88% YoY

“Post Lockdown, this is the first month where we could supply as per demand of customers, some of whom waited long to get their preferred tractor brand. Going forward all macroeconomic factors remain in favour of continued growth and we do not expect any significant supply-demand gaps. Rising Inflation, however, continues to be a worry,” the company said.

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

The shares of Escorts rallied as much as 4 percent to Rs 1,310 apiece on the BSE. At 10:15 am, the shares were trading 2.37 percent higher at Rs 1,289.55 apiece as compared to a 0.35 percent gain in the benchmark Sensex.