advertisement | Tractor In India

M&M tractor volume down 8% yoy in February 2019

M&M tractor volume down 8% yoy in February 2019

Published By : Khetigaadi Team   134

(M&M) Farm Equipment Sector (FES) sold 18,978 tractors in February 2019, down 8% yoy (down 15% mom). The absolute volume sold was lower than Bloomberg Quint’s survey gauge of 20,300 tractors.

M&M sold 18,105 tractors in the residential market, down 7% yoy (down 14% mom). It traded 873 tractors, down 28% yoy (down 31% mom).

The volume development rate for M&M tractors (up 1% yoy) was lower contrasted with peer Escorts which announced 12% yoy volume development in February 2019.

Mahindra and Mahindra Ltd is right now exchanging at Rs649 up by Rs2.45 or 0.38% from its previous closing of Rs646.55 on the BSE.

The scrip opened at Rs651.70 and has touched a high and low of Rs651.80 and Rs642 respectively.

So far 41, 80,367 (NSE+BSE) shares were exchanged on the counter.

The present market top of the organization is Rs80, 378.61cr.




Get Tractor Price




Tractors in india