Escorts tumbled 10.88% to Rs 70 at 14:17 IST on BSE after the company said its total tractor sales rose 0.24% to 4,466 units in July 2013 over July 2012.
The company announced the July sales data during trading hours today, 2 August 2013.
Meanwhile, the S&P BSE Sensex was down 144.22 points or 0.75% at 19,172.97
On BSE, 2.91 lakh shares were traded in the counter as against average daily volume of 3.50 lakh shares in the past one quarter.
The stock hit a high of Rs 78.95 and a low of Rs 70 so far during the day. The stock had hit a 52-week high of Rs 89 on 19 July 2013. The stock had hit a 52-week low of Rs 48.35 on 28 March 2013.
The stock had outperformed the market over the past one month till 1 August 2013, rising 2.41% compared with the Sensex's 1.33% fall. The scrip had also outperformed the market in past one quarter, surging 37.93% as against Sensex's 0.96% slide.
The small-cap company has equity capital of Rs 122.58 crore. Face value per share is Rs 10.
Escorts Agri Machinery's (EAM) domestic tractor sales declined 0.56% to 4,380 units in July 2013 over July 2012.
Escorts is one of India's leading engineering conglomerates. The company has diversified business into four different segments: Escorts Agri Machinery (EAM), Escorts Construction Equipment (ECE), Escorts Railway Products (ERP) and Escorts Auto Products (EAP).
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