VST Tillers Tractors Ltd.

NSE: VSTTILLERS | BSE: 531266 | ISIN: INE764D01017 |Industry: Commercial Vehicles
|Expensive Performer
1571.00 -15.70 (-0.99%)
NSE Oct 20, 2020 14:14 PM
Volume: 6,713
 

VST Tillers Tractors Ltd.    
12 Aug 2020
1571.00
-0.99%
ICICI Securities Limited
Farm sentiments are bullish with VST seeing healthy demand for its product profile. Key highlights from the call include: (i) VST expects tractor sales volume to grow ~10-15% in FY21E with power tiller sales volume growth guidance at 15-20% in FY21E; (ii) Noticeably, more and more farmers are buying power tiller on cash basis (~58-59% in July 2020) and not withholding purchase for want of state subsidies, a big positive surprise; (iii) VST is in final stages of negotiation for tie-ups in the contract manufacturing space for power tillers given the import restrictions (lower price points;...
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VST Tillers Tractors Ltd. is trading below it's 30 day SMA of 1735.1
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