Hold Escorts; target of Rs 860: ICICI Direct
ICICI Direct recommended hold rating on Escorts with a target price of Rs 860 in its research report dated May 15, 2020.
ICICI Direct's research report on Escorts
Escorts reported a robust Q4FY20 performance despite 20% YoY fall in tractor volumes. Normalised EBITDA margins for the quarter were healthy at 12.1%, primarily tracking a better product mix, benign commodity prices
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