Sell Escorts Ltd. target Rs 600.0 : Kunal Bothra

Independent Analyst, Kunal Bothra has a sell call on Escorts Ltd. with a target price of Rs 600.0 .The current market price of Escorts Ltd. is 628.5 Time period given by analyst is Intra Day when Escorts Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 645.0 .

Escorts Ltd., incorporated in the year 1944, is a mid cap company (having a market cap of ₹ 7839.40 Cr.) operating in Auto sector.

Escorts Ltd. key Products/Revenue Segments include Agricultural Tractor Self Propelled Harvester Incl. Rice Transplanter which contributed ₹ 2418.79 Cr to Sales Value (68.07 % of Total Sales), Construction Equipment which contributed ₹ 444.00 Cr to Sales Value (12.49 % of Total Sales), Implements, Trailers, Compressor Accessories, Spares & Others which contributed ₹ 227.64 Cr to Sales Value (6.40 % of Total Sales), Others which contributed ₹ 113.26 Cr to Sales Value (3.18 % of Total Sales), Automobile Shock Absorbers, Telescopic Front Fork & Mcpherson Struts which contributed ₹ 80.76 Cr to Sales Value (2.27 % of Total Sales), All Types Of Brakes Used By Railways which contributed ₹ 59.79 Cr to Sales Value (1.68 % of Total Sales), Lubricant Oil(Traded) which contributed ₹ 59.06 Cr to Sales Value (1.66 % of Total Sales), Centre Buffer Couplers which contributed ₹ 38.00 Cr to Sales Value (1.06 % of Total Sales), Engines & Gensets (Internal Combustion) which contributed ₹ 35.51 Cr to Sales Value (0.99 % of Total Sales), Brake Block which contributed ₹ 24.41 Cr to Sales Value (0.68 % of Total Sales), Double Acting Hydraulic Shock Absorbers For Railway Coaches which contributed ₹ 19.57 Cr to Sales Value (0.55 % of Total Sales), Round & Flat Tubes Heating Elements which contributed ₹ 15.96 Cr to Sales Value (0.44 % of Total Sales), Other Operating Revenue which contributed ₹ 8.66 Cr to Sales Value (0.24 % of Total Sales), Scrap which contributed ₹ 5.97 Cr to Sales Value (0.16 % of Total Sales) and Export Incentives which contributed ₹ 1.53 Cr to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of 1089.91 Cr., up 9.98% from last quarter Sales of ₹ 990.99 Cr. and up 23.26% from last year same quarter Sales of ₹ 884.22 Cr. Company has reported net profit after tax of ₹ 22.71 Cr. in latest quarter. The company’s CEO is Mr.Nikhil Nanda. It's Board of Directors include Dr.G B Mathur, Dr.Sutanu Behuria, Mr.D J Kakalia, Mr.Hardeep Singh, Mr.Nikhil Nanda, Mr.P H Ravikumar, Mr.Rajan Nanda, Mrs.Vibha Paul Rishi, Ms.Nitasha Nanda, Mr.Ajay Mandahr, Mr.Ajay Sharma, Mr.Bharat Madan, Mr.Dipankar Ghosh, Mr.Ishan Mehta, Mr.Ravi Menon, Mr.S Sridhar, Mr.Ajay Sharma. Company has its registered office at SCO-232, , First Floor,, Sector-20, Panchkula, 134109, Haryana. Company has S N Dhawan & Co. as its auditors. As on 31-03-2017, the company has a total of 122,576,878 shares outstanding.