Yes Securities has buy call on

with a target price of Rs 1320. The current market price of Escorts Ltd. is Rs 1220.85. Time period given by analyst is Intra Day when Escorts Ltd. price can reach defined target.

Escorts Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 16451.17 Crore) operating in Auto sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2270.65 Crore, up 8.60 % from last quarter Total Income of Rs 2090.93 Crore and up 60.36 % from last year same quarter Total Income of Rs 1415.95 Crore. Company reported net profit after tax of Rs 270.65 Crore in latest quarter.

Investment Rationale
The stock is on the verge of a breakout from a sideways consolidation pattern, suggesting bullishness. Further, volumes have been good in the recent bull candles, confirming an uptrend, Technical indicators are also in bull territory, confirming strength in the stock.

Promoter/FII Holdings
Promoters held 36.6 per cent stake in the company as of March 31, 2021, while FIIs held 28.1 per cent, DIIs 5.6 per cent and public and other 29.7 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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