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    Sell Escorts, target Rs 540: Manas Jaiswal

    Synopsis

    Sell Escorts Ltd. at a price target of Rs 540.0 and a stoploss at Rs 570 from entry point.

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    Manas Jaiswal of manasjaiswal.com has sa ell call on Escorts Ltd. with a target price of Rs 540. The current market price of Escorts Ltd. is Rs 560.45. Time period given by te analyst is Intra Day when Escorts Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 570. Escorts Ltd., incorporated in 1944, has a market cap of Rs 6869.82 crore.

    Escorts Ltd. key Products/Revenue Segments include Tractors Agricultural which contributed Rs 4974.15 Crore to Sales Value (99.16 % of Total Sales), Sale of services which contributed Rs 15.17 Crore to Sales Value (0.30 % of Total Sales), Scrap which contributed Rs 13.98 Crore to Sales Value (0.27 % of Total Sales), Export Incentives which contributed Rs 10.35 Crore to Sales Value (0.20 % of Total Sales) and Other Operating Revenue which contributed Rs 2.32 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2018.

    For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 1631.66 Crore, down -1.41 % from last quarter Sales of Rs 1655.06 Crore and up 13.62 % from last year same quarter Sales of Rs 1436.10 Crore Company has reported net profit after tax of Rs 121.35 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, Mrs.Vibha Paul Rishi, Ms.Nitasha Nanda. Company has Walker, Chandiok & Co.LLP as its auditoRs As on 31-03-2019, the company has a total of 122,576,878 shares outstanding.
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