VST Tillers Tractors Ltd.

NSE: VSTTILLERS | BSE: 531266 | ISIN: INE764D01017 |Industry: Commercial Vehicles
|Expensive Performer
1581.75 6.55 (0.42%)
NSE Oct 27, 2020 15:31 PM
Volume: 3,891
 

VST Tillers Tractors Ltd.    
19 Jun 2019
1581.75
0.42%
ICICI Securities Limited
Leader in power tiller segment, subsidy linked business prevails Power tiller is a farm equipment precursor to tractor used for agricultural activities. Given the higher share of small and marginal farmers domestically (~85%), we were of the opinion that power tiller segment will benefit from government thrust on farm mechanisation and be a preferred choice for domestic farmers given its price of ~| 1.25-1.5 lakh/unit vs. > | 2.5 lakh /unit for tractors. The segment, however, is highly dependent on government subsidies and, hence, has an uncertain outlook. VST is the market leader in...
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VST Tillers Tractors.. has an average target of 1890.00 from 2 brokers.
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