Rakesh Jhunjhunwala stocks: Escorts in Big Bull's rural theme
Rakesh Jhunjhunwala holds 64 lk (4.75% stake) in Escorts worth Rs 880 cr. Jhunjhunwala trimmed 0.9 stake in Escorts last quarter. Tractor sales have been robust and the Big Bull says that the Government is focussed on improving standard of living in rural areas and Agri theme based this Auto sector stock will benefit Escorts from here on.
ICICI Securities says that Escorts reported robust Q3 FY21 results. Total operating income for Q3 FY21 came in at Rs 2017 cr, up 23.5% YoY tracking 25.7% YoY growth in tractor volumes to 31562 units: Reuters