The share touched a 52-week high of Rs 3,344.00 and a 52-week low of Rs 1,809.95 on 30 August, 2023 and 27 March, 2023, respectively.

The increase in prices would vary across models and geographies, Escorts Kubota informed the stock exchanges.

“The market today is chasing growth and irrespective of the fact whether it is a midcap or a smallcap, the market is ready to pay them even premium to largecaps. That is typical of a very broad-based rally which is playing out and IT is not very different over here.”

The contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

The support at the lower end remains solid at 19245, serving as a barrier to prevent further declines. On the upper end, resistance is placed at 19425; a breach of this level might lead to a more dependable rally. Expect a range-bound trading unless a clear breakout occurs on either side.

Indian frontline indices S&P BSE Sensex and Nifty50 ended down on Friday amid broad-based selling including profit booking seen in banks, auto, IT and FMCG stocks. The S&P BSE Sensex ended at 64,886.51, down 365.83 points or 0.56% while the broader Nifty50 settled at 19,265.80, lower by 120.90 points or 0.62%. The banking gauge Nifty Bank finished 264.75 points or 0.59% lower at 44,231.45.

Stocks that were in focus include names like Shoppers Stop which was down more than 12%, Escorts Kubota rose more than 2% to hit a fresh high and Mastek closed with gains of over 4% on Friday.

The surge of Nifty 200 Index stocks to new 52-week highs on August 25 paints a vivid picture of the ever-evolving stock market

The attainment of new 52-week highs by APL Apollo Tubes, Shriram Finance, Mphasis, Sun TV Network, and other Nifty Midcap stocks on August 24 signifies their outstanding market performance and growth prospects.

As of August 18, Friday, ETMarkets identified the overbought status of the chosen stocks. Given the dynamic nature of markets, remember that market conditions can change rapidly. The status of stocks trading in an overbought zone on August 21, Monday, will be updated after market hours.

Promoters held 67.64 per cent stake in the company as of 30-Jun-2023, while FIIs owned 5.61 per cent, DIIs 9.85 per cent.

On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19300 and then towards 19200 strikes.

According to the shareholding pattern available with the exchanges, Excorts Kubota promoters own majority of the stake at 67.64%, while the rest of 30.40% lies with the public shareholders. Among the public shareholders, mutual funds own about 8.13% stake in the company, while foreign portfolio investors have 5.19% stake. The company is backed by Rekha Jhunjhunwala with 1.62% stake

In the intricate world of stock trading, decoding the dynamics of Relative Strength Index (RSI) trends is crucial. On August 17, StockEdge spotlighted a captivating situation where 50 stocks found themselves in the overbought territory while displaying bearish or declining RSI trends.

The 10 companies that saw highest buying by promoters from the open market in the last quarter, has Adani Groups cash cow Adani Ports and Special Economic Zone at the top of the list.

REC shares ended at a record closing high of Rs 235.1 on the NSE, up 5.4 percent, after recent consolidation. The stock has formed long bullish candlestick pattern on the daily charts, with above average volumes.

"In the near term, my personal view is that the stocks market should remain fine till September. Market moved up from 16,800 to 20,000, a 3200-point move. If the markets give up around 1,000 points of gains, then we could be looking to start buying in terms of fresh allocations."

Motilal Oswal recommended Neutral rating on Escorts Kubota with a target price of Rs 2450 in its research report dated August 01, 2023.

Stocks that were in focus include names like KEC International which pared some gains after hitting a 52-week high, Escorts Kubota also closed flat with a positive bias after hitting a fresh 52-week high and BSE pared gains and closed with a loss of nearly 1% on Wednesday.

Indian engineering conglomerate Escorts expects sustainable growth in its three core businesses for the rest of the year with its 16-17% margin forecast for the railway sector viewed as sustainable, according to CFO Bharat Madan. While it may not achieve the 20% margin seen in Q1 due to varying product mixes, expansion of demand will push growth next year. Mid-single digit growth is predicted for both the tractor and domestic industries, although subdued demand will continue in overseas markets due to general recessionary conditions.

Zomato and technology stocks, including IT platforms, hold potential for strong growth in the next two to three years due to settling issues and better management. Hemang Jani, an independent market expert, says that IndiGo has gained market share and is shifting from a pure aviation play to a consumer bet due to India's growing middle class and expanding airports. Meanwhile, Escorts is benefiting from its business diversification and a growing tractor market in India.

The overall trend of the Nifty index looks positive till it sustains above 19,562 levels and potential upside would be 19,991 followed by the 20,200 mark.

RSI readings above 70 indicate overbought conditions, suggesting that the stock may be due for a correction. Conversely, readings below 30 indicate oversold conditions, indicating the stock may be undervalued and due for a potential rebound.

Technically, the Nifty seems to be looking strong now. Hence, 19,600-19,700 is expected to be key resistance area initially for the Nifty50 followed by 19,800-19,900 levels

Bonjour Realty initially shared a 19-minute video featuring Rex Heuermann on February 17, 2022. This publication of the video took place 11 years after the discovery of four women's bodies in 2010 at Gilgo Beach.

Dheeraj Wadhawan, the former promoter of Dewan Housing Finance Corporation Limited (DHFL), has been denied interim bail in the Yes Bank-DHFL scam. However, the Mumbai sessions court has granted his request to receive medical treatment at a private hospital. Wadhawan and his brother Kapil are accused in the alleged fraud of over Rs. 4,000 crore caused to Yes Bank, with cofounder Rana Kapoor also a co-accused.

StoxBox is bullish on Escorts Kubota has recommended buy rating on the stock with a target price of Rs 2588 in its research report dated July 07, 2023.

The directional bias remains strongly bullish till the time 18.600 on the Nifty50 is not violated. Before this, 19,000 followed by 18,800 are to be seen as key supports.

Auto exports remained weak for yet another month, while trend in the domestic market varied across companies.

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Escorts Kubota, incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 24057.13 Crore) operating in Auto sector.