Escorts advanced 1.67% to Rs 121.50 at 11:17 IST on BSE, after 1.23% equity changed hands in a bulk deal today, 13 January 2014.
A bulk deal of 15.08 lakh shares was executed on the Escorts counter at Rs 121.10 per share at 09:38 IST on BSE today, 13 January 2014.
Meanwhile, the BSE Sensex was up 261.70 points, or 1.26%, to 21,020.19
On BSE, so far 17.58 lakh shares were traded in the counter, compared with an average volume of 6.57 lakh shares in the past one quarter.
The stock hit a high of Rs 124.40 and a low of Rs 119.50 so far during the day. The stock hit a 52-week high of Rs 145.15 on 26 December 2013. The stock hit a 52-week low of Rs 48.35 on 28 March 2013.
The stock had underperformed the market over the past one month till 10 January 2014, sliding 7.76% compared with the Sensex's 2.34% fall. The scrip, however, outperformed the market in past one quarter, rising 31.68% as against Sensex's 2.4% rise.
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The small-cap company has an equity capital of Rs 122.58 crore. Face value per share is Rs 10.
On 2 January 2014 Escorts' agri machinery segment reported 3.84% decline in total tractor sales to 3,852 units in December 2013 over December 2012.
Escorts' net profit surged 131.1% to Rs 43.63 crore on 14.8% increase in net sales to Rs 939.97 crore in Q4 September 2013 over Q4 September 2012.
Escorts is a leading engineering conglomerates with presence across the high growth sectors of agri-machinery, construction & material handling equipment; railway equipment and auto components. The company has diversified business in to four different segments. Escorts Agri Machinery (EAM), Escorts Construction Equipment (ECE), Escorts Railway Products (ERP) and Escorts Auto Products (EAP).
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