Home / Markets / News / Escorts, M&M: Tractor stocks could see 20-30% upside, charts suggest

Escorts, M&M: Tractor stocks could see 20-30% upside, charts suggest

Tractor stocks such as M&M and Escorts are indicating a bullish outlook for coming sessions

M&M, TAFE look to rev up the tractor market

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Analysts at Nirmal Bang Institutional Equities expect tractor firms to continue posting strong sales numbers as demand continues to remain healthy

Avdhut Bagkar Mumbai

3 min read Last Updated : Jan 01 2021 | 11:26 AM IST

Auto stocks came under investors' radar on Friday as original equipment manufacturers (OEMs) began reporting sales figures for the month of December. Nifty Auto index was ruling near day's high, up 0.6 per cent at 9,251.75 levels, at 10:50 am as against a 0.35-per cent rise in the Nifty50 index.

Among individual stocks, shares of Escorts advanced 4 per cent at Rs 1,310 on the BSE in early morning trade on Friday after the company registered a strong 88 per cent year-on-year (YoY) growth in tractor sales at 7,733 units for the month of December. The tractor sales during the

Topics : Tractors sales Escorts tractor sales M&M Market technicals technical analysis Markets

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