Buy Escorts Ltd. target Rs 720.0 : Dr CK Narayan

Dr CK Narayan of Chart Advise has buy call on Escorts Ltd. with a target price of Rs 720.0 . The current market price of Escorts Ltd. is Rs 705.25 Time period given by analyst is Intra Day when Escorts Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 695
Escorts Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 8628.80 Crore) operating in Auto sector.

Escorts Ltd. key Products/Revenue Segments include Tractors Agricultural which contributed Rs 4152.61 Crore to Sales Value (99.64 % of Total Sales), Sale of services which contributed Rs 6.45 Crore to Sales Value (0.15 % of Total Sales), Scrap which contributed Rs 4.13 Crore to Sales Value (0.09 % of Total Sales), Other Operating Revenue which contributed Rs 2.69 Crore to Sales Value (0.06 % of Total Sales) and Export Incentives which contributed Rs 1.70 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2017, the company has reported a Standalone sales of Rs 1211.68 Crore, up 6.07 % from last quarter Sales of Rs 1142.30 Crore and up 22.27 % from last year same quarter Sales of Rs 990.99 Crore Company has reported net profit after tax of Rs 77.56 Crore in latest quarter. The company's top management includes Dr.Sutanu Behuria, Mr.D J Kakalia, Mr.G B Mathur, Mr.Hardeep Singh, Mr.Nikhil Nanda, Mr.P H Ravikumar, Mr.Rajan Nanda, Mr.Ravi Dharm Narain, Mrs.Vibha Paul Rishi, Ms.Nitasha Nanda. Company has S N Dhawan & Co. as its auditoRs As on 30-09-2017, the company has a total of 122,576,878 shares outstanding.