Rocket shares to buy: This Diwali buy Escorts shares for 27 pct gains in 12-months, says expert
Rocket shares to buy: The Escorts share price is currently oscillating around Rs 629 and by Diwali 2020 it is poised to touch Rs 800 per stock levels.
Rocket shares to buy: The Diwali 2019 is fast approaching and people are busy finalising their investment options as this day is an auspicious one for making investments. According to the stock market experts, those who are planning to invest in shares this Diwali with a long-term view, can take a buy position in Escorts shares. The Escorts share price is currently oscillating around Rs 629 and by Diwali 2020 it is poised to touch Rs 800 per stock levels.
Elaborating upon the reason for being so bullish on Escorts shares Dharmesh Kant, Head of Retail Research at IndiaNivesh Securities said, "Good monsoon and rise in tractor sales is going to have a positive impact on the order book of Escorts. Apart from this, 7 per cent rise in the MPS is going to benefit the company. The Escorts company has a strong dealer network throughout North India, especially in Haryana, Punjab and Western UP."
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