Escorts scrip tank 7% on weak December sales nos

PTI Posted online: Thursday, Jan 02, 2014 at 0000 hrs
Mumbai : Shares of farm equipment maker Escorts today tumbled 7 per cent after the company reported decline in its total tractor sales in December 2013.

Escorts' scrip ended the day at Rs 127.95, down 6.61 per cent at the BSE. During the day, the stock slumped 7.66 per cent to Rs 126.50.

At the NSE, the scrip closed the day 7 per cent lower at Rs 127.50.

Escorts Ltd today reported 3.84 per cent decline in its total tractor sales at 3,852 units in December 2013.

The company had sold 4,006 units of tractors in December 2012, Escorts Ltd said in a statement.

Domestic tractor sales stood at 3,809 units during the month as against 3,988 units in December 2012, down 4.48 per cent.

Fall in the stock was also in-tandem with a weak stock market where the benchmark Sensex ended at 20,888.33, down 252.15 points.