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    Buy Escorts Kubota, target price Rs 2390: Chandan Taparia

    Synopsis

    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.

    EscortsAgencies
    Promoters held 72.9 per cent stake in the company as of 30-Sep-2022, while FIIs owned 4.24 per cent, DIIs 7.65 per cent.
    Chandan Taparia of Motilal Oswal has buy call on Escorts Kubota with a target price of Rs 2390. The current market price of Escorts Kubota Ltd. is Rs 2288.35.

    Escorts Kubota Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 30192.63 Crore) operating in Auto sector.
    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.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1968.85 Crore, down -4.78 % from last quarter Total Income of Rs 2067.58 Crore and up 13.19 % from last year same quarter Total Income of Rs 1739.36 Crore. Company reported net profit after tax of Rs 103.55 Crore in latest quarter.

    Investment Rationale
    Price-vol breakout on weekly frame, pole & flag pattern breakout on daily frame; follow-up buying seen

    Promoter/FII Holdings
    Promoters held 72.9 per cent stake in the company as of 30-Sep-2022, while FIIs owned 4.24 per cent, DIIs 7.65 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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