Market share gains outweigh volume growth worries for Escorts: Analysts

Escorts lagged the broader markets by a huge margin–down 20 per cent—in the last financial year but the tractor company’s shares are preferred still because of market share gains and better volume growth. India Meteorological Department’s forecast this week of near normal monsoon rains and the company’s initiatives should help Escorts tap incremental demand and gain market share. Escorts has gained 100 basis points market share in FY19 to 11.8 per cent. With the volume base not expanding much for the sector, experts say most of the gains have come from.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.

Outbrain