Escorts Agri Machinery Segment (EAM)) sold 5,610 tractors in July 2018 compared to 5,418 tractors in July 2017, recording a growth of 3.5%.
Domestic tractor sales rose 3.9% at 5,483 units in July 2018 compared to 5,275 tractors sold in July 2017.
Exports for the month of July 2018 were at 127 tractors compared to 143 tractors sold in July 2017.
The stock had underperformed the market over the past one month till Jul. 31, 2018, rising 4.25% compared with the Sensex's 6.16% rise. It underperformed the market in past one quarter, declining 9.60% as against 6.96% rise in the Sensex.
Shares of the company declined Rs 22.2, or 2.39%, to trade at Rs 905.05. The total volume of shares traded was 72,655 at the BSE (10.47 a.m., Wednesday).