Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy Escorts, target Rs 627: CK Narayan

Buy Escorts Ltd. at a price target of Rs 627.0 and a stoploss at Rs 605 from entry point.|
Updated: Oct 03, 2019, 08.41 AM IST
CK Narayan of Chart Advise has a buy call on Escorts Ltd. with a target price of Rs 627.0 . The current market price of Escorts Ltd. is Rs 610. Time period given by the analyst is Intra Day when Escorts Ltd. price can reach the defined target. CK Narayan recommended to keep stoploss at Rs 605. Escorts Ltd., incorporated in 1944, has a market cap of Rs 7469.83 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.

Also Read

Buy Escorts, target Rs 690: CK Narayan

Buy Voltas, target Rs 710: CK Narayan

Buy ITC, target Rs 272: CK Narayan

Buy BHEL, target Rs 64: CK Narayan

Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Disclaimer: This recommendation is analyst's own and does not represent those of & Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service