VST Tillers stock jumps 3% after posting strong monthly sales in May

Sale of power tillers rose 24% to 1,750 units in May 2020, as compared to 1,411 units reported in May 2019.

Jun 04, 2020 11:06 IST India Infoline News Service

VST Tillers Tractors
V.S.T.Tillers Tractors Ltd announced its sales numbers for May 2020 after market hours on Wednesday.

Sale of power tillers rose 24% to 1,750 units in May 2020, as compared to 1,411 units reported in May 2019. Also, its tractor sales were up by 20.11% to 633 units in May 2020 as against 527 units in the same period last year.

The stock is currently trading at Rs1,160.30 up by Rs56.85, or 5.15% from its previous closing of Rs1,103.45 on the BSE. The scrip opened at Rs1,165 and has touched a high and low of Rs1,200 and Rs1,141 respectively.

The company informed the exchanges Friday about the resumption of manufacturing operations of Company. The company had closed down all operations since March 25, 2020, in the wake of Covid-19 outbreak in India and lockdown enforced by government as a preventive measure.

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