InvestorQ : Why has Escorts rallied so sharply in recent months?
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Why has Escorts rallied so sharply in recent months?

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Juvina Maggie answered.
10 months ago
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Escorts Ltd, belonging to the Nanda group, has scaled fresh all-time highest after Kubota of Japan enhanced its holdings in the company. Escorts raised Rs.1,873 crore by placing 96.64 lakh shares of Escorts with Kubota at a price of Rs.2,000 per share. Kubota will also make an open offer to the public shareholders of Escorts to acquire another 26% as per SBI regulations. Escorts also plans tractor price hikes in this month. Incidentally, Rakesh Jhunjhunwala holds 4.5% stake in Escorts. News flows have been favourable.

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