Is anyone in a position to forecast the future of Escorts. Occasionally the script is hitting lifetime highs. After the voluntary retirement scheme and the sale of loss making units, the margins have improved. Good monsoon call coupled with 4th Qr results pushed the price past 680 if I am not mistaken. One-time sales proceeds also helped in higher profits in 4th Qr., I reckon.
The most important rider: RJ holds a substantial chunk in the Company.
Anymore headwind or getting into sleep mode after current FY??
I think it is a promising company. with infra projects only set to increase over the net two years it''s products will be in demand.. i think you can hold on or sell 25% a little higher price and free your principal
The most important rider: RJ holds a substantial chunk in the Company.
Anymore headwind or getting into sleep mode after current FY??
Any experienced taker for above query.
Disclosure : I am holding 100 shares at @140.