Atrump Games

Atrump Games
Atrump Games

Escorts Poised For Growth and Offer Good Investment Return

Indian equity market received billions of $ fuelled by FII’s investing in MNC controlled by global players post HUL open offer to increase their stake in Indian subsidiary. Recent HSPC PMI release last week the equity market experienced heavy selling and volatility. I have been listening to constant changing analyst comments during trading day. Auto sector in India is experiencing one of the worst period where Tata Motors share price is supported due to International subsidiary and china growth prospect of Jaguar. M&M, the king of SUV is getting lots of positive analyst reviews. In the midst of all this, Investor missed to observe Escorts performance. When all manufacturer are experiencing low volume; Escorts is setting new records on monthly volume end compared to last year. In case of good monsoon, I see very robust demand for Escorts product and may snatch market share from competitor. The recent good quarterly performance, positive cash flow, manageable debt, Huge land bank in NCR should be considered during analysis of investment opportunity. The dividend yield of around 3%, positive growth prospect earn positive recommendation.

Disclaimer: Please consult your financial advisor before investing, assessment is completely author view.
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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