Escorts declined 0.16% to Rs 91.60 at 10:58 IST on BSE even as the company said foreign fund FID Fund Mauritius has acquired a further 0.39% stake in the company, raising its total holding in the firm to 5.12%.
The stock hit a high of Rs 93.50 and a low of Rs 88.20 so far during the day. The stock had a 52-week high of Rs 174 on
The company’s current equity is Rs 77.01 crore. Face value per share is Rs 10.
Escorts reported net loss of Rs 5.93 crore in Q1 December 2007 as compared to net loss of Rs 3.04 crore in Q1 December 2006. Net sales fell 16.6% to Rs 431.98 crore in Q1 December 2007 over Q1 December 2006.
The company is engaged in manufacturing agri-machinery, telecommunications, healthcare, construction and material handling equipment, automotive and railway ancillaries. It also provides information technology and financial services.
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