Up 13% in 5 days! Why these two tractor stocks are in the limelight again

Up 13% in 5 days! Why these two tractor stocks are in the limelight again

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In a post earnings conference call, Escorts’ management said that the replacement demand is improving due to stronger farm cashflow, which may help in higher volume for FY22 over the record growth seen in FY21 so far.

Synopsis

Analysts expect tractor volume to remain either flat or grow marginally in FY22 as the pent-up demand subsides gradually.

ET Intelligence Group: Stocks of leading tractor makers Mahindra & Mahindra (M&M) and Escorts are in the limelight once again following hopes that the tapering pent-up demand would be offset by buoyant replacement and rising demand from the construction sector. These stocks have gained 13% in the past five trading sessions. Given their lower valuation relative to the benchmark indices, the momentum in the stocks is likely to

BY

ET Bureau

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