VST Tillers rallies 18% in 5 days on strong power tillers sales in August

Analysts remain bullish on VST given the sweet spot of robust demand prospects, import restrictions in power tiller segment and steady improvement in margin profile

Shares of VST Tillers Tractors hit a fresh 52-week high of Rs 1,925, up 6 per cent on the BSE on Monday, surging 18 per cent in the past five days after the company reported a strong power tillers sales in the month of August.

The company sold 2,638 power tillers in August 2020 as against 1,437 in August 2019, registering 83.57 per cent year-on-year (YoY) growth. It had sold 897 tractors during last month, as compared to 813 in the corresponding month of the previous year.

The company’s total sales (power tillers and tractors) were up 57 per cent