Espresso shot of the day – Escorts Ltd up by 10.60 percent

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Espresso shot of the day – Escorts Ltd up by 10.60 percent

November 18, 2021
Espresso shot of the day – Escorts Ltd up by 10.60 percent

ESCORTS LTD 1802.90  (+10.60%) BSE – INE042A01014 | 18TH NOVEMBER 2021


From breaking fresh ground for Indian Infrastructure to nurturing the earth with harvests of prosperity, from mobilizing the economy on the rail-tracks of progress to being its driving force on the highways of the nation – the people at Escorts are transforming lives, with the power of technology and imagination. Committed to engineering a better world, they combine endless possibilities of human caliber with innovative engineering solutions. Today, and every day, they help fulfill aspirations of every life we touch.


Recent Drivers

  • On Nov 18, 2021, Japan’s Kubota will invest Rs 1,872.74 crores in the company to increase its stake and will become a joint promoter of the company along with the existing promoters, the Nanda family.
  • On Nov 16, 2021, Escorts Ltd announced that it will increase the prices of its tractors effective 21 November 2021.
  • On Nov 15, 2021, the company considered raising funds by issuing bonds, debentures, nonconvertible debt instruments, and equity through an amalgam of a preferential issue on a private placement basis, QIPs and rights issue.
  • On Oct 29, 2021, Escorts reported a consolidated net profit at Rs 173.47 crores.
  • On Oct 14, 2021, Escorts appointed Sanjeev Bajaj as head of construction equipment business.
  • On Sep 14, 2021 Escorts Agri Machinery and IndusInd Bank signed a Memorandum of Understanding to provide loans at affordable interest rates to the farming community.

(Sources: MoneyConrol, Livemint, Business Standard, Business Today)


Technical Force*

  • S&P BSE 500 month till date gain up by 1.39%
  • Traded on all time High Value 1825.00
  • Spurt in Volume by more than 6.00 times compared to previous vol. 3 months avg. volume: 1,15,923
  • Quantity traded: 6,14,260 | Deliverable quantity: 55,652 (9.06%)
  • Stock price jumped by more than 60% from one-year low level: 1100.10 (May 3, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 1825.00 | 52-week-low: 1100.10


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 2558.38

2005.62

1632.63

1079.87

706.88

154.12

-

    -

Fibonacci Pivot

2005.62

 1651.98

1433.50

1292.79

1079.87

866.94

726.23

507.75

154.12


Today’s Close

1802.90

SMA

BSE

10 DAY

1595.59

20 DAY

1559.49

50 DAY

1506.69

200 DAY

1309.58


Some Key Ratios (Source: BSE)

Market Cap: 24,309.32 crores

PE: 26.60

OPM%: 16.48

ROE%: 16.05

Promoters holding%: 36.59

Prev. Close: 1630.15

Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.