The shares of Escorts Kubota, a maker of agricultural and construction machinery, have given tremendous returns in the last few years. The shares of the company have increased from Rs 33 to Rs 2000. The shares of Escorts Kubota hit its all-time high on Monday, 19 September 2022. The company’s shares hit an all-time high of Rs 2122.85. At the end of trading, the company’s shares reached Rs 2086.45 on BSE. Escorts Kubota is one of the portfolio stocks of Rakesh Jhunjhunwala known as the Big Bull of the market.
Rs 1 lakh made more than 63 lakhs
The shares of Escorts Kubota were at a level of Rs 32.85 on the Bombay Stock Exchange (BSE) on 5 December 2008. The company’s shares closed at Rs 2086.45 on BSE on 19 September 2022. Escorts Kubota shares have given over 6000 per cent returns in this period. If a person had invested Rs 1 lakh in the shares of Escorts Kubota on 5th December 2008 and had retained his investment, the present amount would have been Rs 63.51 lakh. The 52-week low of the shares of Escorts Kubota is Rs 1,400.
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Expert said – Company’s shares can go up to Rs 2200
According to stock market experts, the rise in the company’s shares came amid speculation of a rise in Escorts Kubota’s overseas business. Experts say that the company’s shares have strong support near Rs 2040 and in the short term the company’s shares can reach the level of Rs 2200. Big Bull Rakesh Jhunjhunwala had added this auto stock to his portfolio during the April-June 2022 quarter. As per the shareholding pattern of Escorts Kubota for the quarter of June 2022, Rakesh Jhunjhunwala held 18,30,388 shares or 1.39% stake in the company. Veteran investor Rakesh Jhunjhunwala passed away on August 14, 2022.
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