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Buy Escorts, target Rs 630: Shrikant Chouhan

Buy Escorts Ltd. at a price target of Rs 630.0 and a stoploss at Rs 600 from entry point.

ETMarkets.com|
Updated: Sep 27, 2019, 09.22 AM IST
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Shrikant Chouhan of Kotak Securities Limited has a buy call on Escorts Ltd. with a target price of Rs 630. The current market price of Escorts Ltd. is Rs 610.1. Time period given by analyst is Intra Day when Escorts Ltd. price can reach defined target. Shrikant Chouhan recommended to keep stoploss at Rs 600. Escorts Ltd., incorporated in 1944, has a market cap of Rs 7478.42 crore.

Escorts Ltd. key Products/Revenue Segments include Tractors Agricultural which contributed Rs 6116.76 Crore to Sales Value (98.71 % of Total Sales), Scrap which contributed Rs 30.28 Crore to Sales Value (0.48 % of Total Sales), Other Operating Revenue which contributed Rs 24.73 Crore to Sales Value (0.39 % of Total Sales), Sale of services which contributed Rs 14.01 Crore to Sales Value (0.22 % of Total Sales) and Export Incentives which contributed Rs 10.58 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 1440.45 Crore, down -12.65 % from last quarter Sales of Rs 1649.08 Crore and down -5.79 % from last year same quarter Sales of Rs 1529.01 Crore Company has reported net profit after tax of Rs 87.64 Crore in latest quarter. The company’s top management includes Dr.Sutanu Behuria, Mr.D J Kakalia, Mr.G B Mathur, Mr.Hardeep Singh, Mr.Nikhil Nanda, Mr.P H Ravikumar, Mr.Shailendra Agrawal, Mr.Sunil Kant Munjal, Mrs.Vibha Paul Rishi, Ms.Nitasha Nanda. Company has Walker, Chandiok & Co.LLP as its auditoRs As on 30-06-2019, the company has a total of 122,576,878 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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