HDFC Mf enhanced stake in Escorts Kubota, shares jumped 3% – INA NEWS
Escorts Kubota Inventory Value: HDFC Mutual Fund (HDFC MF) has elevated its stake in Escorts Kubota Restricted to greater than 5% p.c. The fund purchased an extra 5.04 lakh shares on 27 February. These shares are equal to the corporate’s 0.45 p.c fairness stake. This step signifies a robust belief of establishments within the firm. Escorts are a serious firm in Kubota tractor and different agricultural equipment, automotive parts, building tools, materials dealing with and railway know-how.
Escorts Kubota’s inventory closed at Rs 2947.65 on 3 p.c on 3 March on BSE. It went to excessive of Rs 2957 within the day. The corporate’s market cap is about Rs 33000 crore. The inventory has come down 22 p.c in 6 months. By the tip of December 2024, the promoters had 68 p.c stake within the firm.
Gross sales of Escorts Kubota tractors elevated by 11 p.c in February
Escorts Kubota offered a complete of 8,590 tractors in February 2025. That is 11.4 p.c greater than a yr in the past. In February 2024, the corporate offered 7,709 tractors. In February this yr, Escorts Kubota contained in the nation offered 7,968 tractors with a rise of 9.6 p.c on an annual foundation, whereas exporting 622. A yr in the past, the corporate offered 7,269 tractors within the home market and exported 440 tractors. The sale of machines was 561 models, which was 670 models in February 2024.
Authorities in ‘Weight and Watch’ mode, at the moment there isn’t a plan to intervene
The corporate’s income was Rs 2,935.43 crore on the standalone foundation within the October-December 2024 quarter. Throughout this era, web revenue was Rs 323.20 crore and Earnings was Rs 26.41 crore per share. In FY 2024, the Income of Escorts Kubota was recorded at Rs 8,776.74 crore, web revenue of Rs 1,037.15 crore and earnings per share at Rs 92.79 crore.
Disclaimer: Right here info offered is being given just for info. It’s vital to say right here that the funding market available in the market is topic to dangers. At all times seek the advice of specialists earlier than investing cash as an investor. There may be by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
HDFC Mf enhanced stake in Escorts Kubota, shares jumped 3%
देश दुनियां की खबरें पाने के लिए ग्रुप से जुड़ें,
#INA #INA_NEWS #INANEWSAGENCY
Copyright Disclaimer :-Beneath Part 107 of the Copyright Act 1976, allowance is made for “honest use” for functions akin to criticism, remark, information reporting, instructing, scholarship, and analysis. Honest use is a use permitted by copyright statute which may in any other case be infringing., instructional or private use ideas the steadiness in favor of honest use.
