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Escorts scales record high Back
(11:35, 28 Feb 2017)

Meanwhile, the BSE Sensex was down 16.74 points, or 0.06%, to 28,796.14.

On the BSE, 1.8 lakh shares were traded in the counter so far, compared with average daily volumes of 2.42 lakh shares in the past one quarter. The stock had hit a high of Rs 463.95 in intraday trade, which is also a record high for the counter. The stock had hit a low of Rs 455 so far during the day. The stock had hit a 52-week low of Rs 121.65 on 29 February 2016.

The stock had outperformed the market over the past one month till 27 February 2017, rising 22.45% compared with the Sensex's 3.34% rise. The scrip had also outperformed the market over the past one quarter, gaining 46.68% as against the Sensex's 9.49% rise.

The mid-cap company has equity capital of Rs 122.58 crore. Face value per share is Rs 10.

Shares of Escorts jumped 18.51% in nine sessions, from a close of Rs 382.20 on 13 February 2017, to a close of Rs 452.95 yesterday, 27 February 2017. Shares of Escorts have witnessed a steady rise ever since it reported good Q3 results on 9 February 2017. Escorts' net profit rose 11.2% to Rs 22.71 crore on 22.8% rise in net sales to Rs 1089.91 crore in Q3 December 2016 over Q3 December 2015.

Escorts is one of India's leading engineering conglomerates. The company has diversified business interests catering to agri-machinery, construction & material handling equipment, railway equipment and auto components.

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