ICICI Direct has buy call on with a target price of Rs 1390. The current market price of Escorts Ltd. is Rs 1356.
Escorts Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 18526.27 Crore) operating in Auto sector.
Escorts Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 18526.27 Crore) operating in Auto sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2090.93 Crore, up 23.48 % from last quarter Total Income of Rs 1693.37 Crore and up 24.60 % from last year same quarter Total Income of Rs 1678.15 Crore. Company reported net profit after tax of Rs 279.46 Crore in latest quarter.
Investment Rationale
Price resumes uptrend after consolidation & sustaining above 20 day EMA
Promoter/FII Holdings
Promoters held 40.25 per cent stake in the company as of March 31, 2020, while FIIs held 19.28 per cent, DIIs 9.94 per cent and public and others 30.5 per cent.
