VST Tillers jumps over 4% on March sales data

NEW DELHI: Shares of VST Tillers Tractors advanced over 4 per cent in morning trade on Tuesday after the company on Monday reported 21 per cent and 29 per cent year-on-year rise in sales quantity of power tillers and tractors, respectively, for the month ended March 31, 2018.

The scrip opened at Rs 2,662 and touched a high and low of Rs 2,774.85 and Rs 2,662, respectively, eventually closing at Rs 2,720, up 3.39 per cent.

The company sold 5,591 units of power tillers in March 2018 as against 4,625 units the same month last year. On the other hand, VST Tillers sold 1,808 units of tractors against 1,398 units during the same period.


In another filing, the company informed bourses that the commercial production of new power tiller plant at Malur in Kolar District, Karnataka has commenced on March 30, 2018.

Shares of the company had scaled 52-week high of Rs 2,814 on February 12, 2018 and 52-week low of Rs 1,777.50 on April 3, 2017.

The BSE Auto index was up 0.46 per cent at 24,685 in the morning trade.