Escorts Ltd
ESCORTS

367.40

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Day's Vol.(shares)

366.80

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Reco. Price
Rs 347.00

Last updated on 16-Jan-2017

We recommend accumulate on the stock on the back of strong traction in tractor business supported by normal monsoon. Further, corrective measures in tractor business and focus on South and West markets (under-penetrated) are the positive triggers. The stock is trading at a PE of 18x in FY17E. (Target Price-Rs 368)
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50 DMA (.)
317.01
100 DMA (.)
342.52
200 DMA (.)
273.66
Weekly Range (.)
340.80
371.80
Monthly Range (.)
277.05
371.80
52 Weeks Range (.)
112.80
414.40
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