Growth in the domestic tractor sales volume is likely to be at 3-5 per cent this fiscal, given the strong second wave of COVID-19 and rising cases in the hinterland, rating agency Crisil said.
Tractor stocks such as M&M and Escorts are indicating a bullish outlook for coming sessions
Bajaj Auto and Heidelberg Cement are showing a firm positive sentiment
Volumes were dragged by medium & heavy commercial vehicles and three-wheelers. which fell 71 per cent and 94 per cent respectively
Growth in current financial year is expected to be in high single-digits after record sales in FY18