Farm equipment maker Escorts Ltd.'s sales rose 13.8 percent year-on-year in October, driven by strong export growth.
The tractor maker sold 10,001 units in the domestic market, a jump of 12.9 percent, while exports surged 83.8 percent to 204 units, the Faridabad-based company said in an exchange filing.
Total units sold duing the month jumped to 10,205 units from 8,970 units a year ago.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Shares of Escorts gained as much as 2.73 percent to Rs 781 on the BSE, compared to a 0.72 percent of rise in the S&P BSE Sensex. The stock has surged nearly 160 percent so far this year, compared to a 25.52 percent jump for the benchmark index.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
