Escorts Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 16396.56 Crore) operating in Auto sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2270.65 Crore, up 8.60 % from last quarter Total Income of Rs 2090.93 Crore and up 60.36 % from last year same quarter Total Income of Rs 1415.95 Crore. Company reported net profit after tax of Rs 270.65 Crore in latest quarter.
Investment Rationale
Breakout of the bounded range of a rectangle chart pattern with a strong bullish candlestick formation
Promoter/FII Holdings
Promoters held 36.6 per cent stake in the company as of March 31, 2021, while FIIs held 28.1 per cent, DIIs 5.6 per cent and public and other 29.7 per cent.
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