She also talked about setting up an agriculture accelerated fund to promote agri startups in rural India to improve farm productivity and farmers profitability. ICICI Direct said measures to boost farm income in the Budget are positive for the farm mechanisation space with key beneficiaries being M&M and Escorts on the tractor front.

Escorts Kubota in an exchange filing said domestic tractor sales rose 22.2 percent YoY

"The Nifty50 index has been showing lower top formation patterns on the daily chart since the last one month which suggests a bearish biased view and with the onset of result season, one can anticipate for fluctuations and swings this month. Currently, the 17,780-17,800 levels would be crucial which if decisively broken can trigger for fresh sell-off, with next downside targets visible near the 17500 and 17250 (200-DMA levels) zone."

“While there will be pressures on the Indian stock market, we strongly believe that there are opportunities in the Indian market and the Indian market to an extent will not get affected the way the other developed markets or some of the other emerging markets are affected by the global headwinds.”

Escorts Kubota, incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 28251.12 Crore) operating in Auto sector.

“The Escorts-Kubota partnership is very strategic. Escorts makes heavy-duty tractors; Kubota makes lightweight tractors and we are also in our medium-term business plan talking about setting up a global R&D. We are going to compliment our skill sets and create products which are going to be unique and provide solutions and applications to consumers within and outside India. Small, large, heavyweight, lightweight – whatever is needed in Indian and global context.”

"So in our medium-term business plan we are aspiring to grow 2.5 times, and that growth will not come without products, so technology is going to be one of the key focuses. So we are going to create a global research and development center, and we have also given our aspiration of setting up a Greenfield project."

A promising range breakout formation and long bullish candle are indicating further upside from the current levels. For the breakout traders, 415 would be the key level to watch. Overall chart structure suggests if the stock sustains above the same, then the breakout continuation texture is likely to continue up to 460-480.

“Within the auto segment, a positive surprise is coming on the tractor side, though this segment has also witnessed a month-on-month decline post the festival impact. But compared to the numbers which the Street is expecting for the tractor industry on a YoY basis, the industry is coming flat or showing a marginal growth against Street expectation of 5-10% decline.”

The likely fall in November figures compared with the October data can be attributed to the end of festive season and buyers tendency to skip purchases in the month to grab the best of deals in December, when most auto companies offer major discounts.

The stock recently broke out from a rectangle pattern earlier in November on the weekly charts which helped Escort share price to touch fresh highs. Short-term traders who missed the rally can look at buying the stock on dips for a target of Rs 3,000 in the next 6 months, suggest experts.

Tata Motors | Buy | Target Price: Rs 445 | Stop Loss: Rs 425 | A long position can be initiated in the range of Rs 427-430 for the target of Rs 445 with a strict stop loss of Rs 425.

Escorts Kubota Ltd. key Products/Revenue Segments include Tractors Agricultural, Other Operating Revenue, Scrap, Sale of services and Export Incentives for the year ending 31-Mar-2022.

"PSU banks remained the darling of the street as the index continues to add to the monthly chart on the back of stellar quarterly earnings from SBI, Canara Bank, and BOB. The index has had positive closes in four out of the last five months, showing the magnitude of the investors' optimism. Though the PSU bank index has already gained 166% since July, the rally still looks "young and beautiful".

"Retail investors are becoming more and more mature. Thanks to reforms in communication technology and social media. Also, the regulators are constantly ensuring the retail investors' safety is taken care. With information, advisory and trade execution just a click away new generation (young population) are adapting to the Investment plan at an early stage."

“The October retail sales in the US were really good. In a couple of days, the Black Friday Thanksgiving weekend is going to see really good retail sales, which means there is no recession anywhere in sight in the US and that means the Fed will again raise rates by another 75 bps.That raises the fear that it will lead to recession and therefore lower oil prices.”

“SBI and other larger banks have actually been in the forefront and the other banks are actually catching up. The point is whether this cycle will sustain or not is something that we will have to see especially given the context that 80% of Indian companies excluding the banking sector were actually seeing contraction in operating profits that could be translating into high credit demand.”

Wall Street's main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after it said it faces its most severe test of the pandemic.

Finolex Cables was also in focus, rising nearly 7 percent to Rs 567.5, the biggest closing level since December 15, 2021 and formed healthy bullish candle on the daily charts with large volumes. Also there was a big breakout of nearly month long consolidation.

ICICI Direct is bullish on Escorts Kubota recommended buy rating on the stock with a target price of Rs 2365 in its research report dated November 20, 2022.

Emkay Global Financial is bullish on Escorts Kubota has recommended buy rating on the stock with a target price of Rs 2500 in its research report dated November 19, 2022.

Motilal Oswal recommended Neutral rating on Escorts Kubota with a target price of Rs 1875 in its research report dated November 20, 2022.

“Coming back to the new age tech story, it is a pretty long play. Near term, the challenges will remain. If we are looking at one or two quarters, then things look a little difficult. But if you look at a three-four year story, then it is a unique listed player, one we can look at and if we have a deep pockets, allocate it. We should look at Zomato for a four-five year play from here.”

Escorts Kubota Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 26591.31 Crore) operating in Auto sector.

Nifty weekly expiry option chain witnesses PE writers actively adding their positions of more than a lakh contracts at 18000PE - over lakh contracts, with CE writers' exposure lying at 19000CE - more than a lakh contracts, followed by 18700CE. PCR_OI at 18000 is comfortably above 1, which is the cushion for the bulls going ahead.

“In the tractor segment, EBIT margin has improved by 40 bps sequentially. It came close to 17% EBIT margin whereas on the other end, auto segment EBIT margin has also improved by 45 basis point to 6.1%. These two are not in line with the trend which we have seen for other companies and this is a positive surprise. ”

Neuland Laboratories shares were locked in 20 percent upper circuit at Rs 1,694, the biggest closing level since December 10, 2021 and formed long bullish candle on the daily charts with strong volumes.

Emkay Global Financial is bullish on Escorts Kubota has recommended buy rating on the stock with a target price of Rs 2450 in its research report dated November 04, 2022.

Motilal Oswal recommended Neutral rating on Escorts Kubota with a target price of Rs 1875 in its research report dated November 04, 2022.

ICICI Direct is bullish on Escorts Kubota recommended buy rating on the stock with a target price of Rs 2330 in its research report dated November 06, 2022.