After underperforming broader mkt, Escorts zooms back onto investors' radar

Its stock price has risen 13.4% this month, against 2.1% fall in BSE Auto index

After underperforming the broader market and other automakers for nearly a year, tractor and construction equipment maker Escorts is now leading its peers.
 
Its stock price has risen 13.4 per cent since the beginning of August against a 2.1 per cent decline in the BSE Auto index and 6.4 per cent rise in the benchmark BSE Sensex. The stock was also a leader on Thursday, closing the day with gains of 0.2 per cent in a flat market while the auto index was down 0.35 per cent.
 
However, Escorts was a laggard between July 2020 and May 2021.