INVESTORICH

Buy at CMP 818 - for the Targets of 890 to 1090 , Time Frame - 5 Months to 12 Months  TRIGGERS 1 ) Strong Q4 and YOY Profits are expected as  Q3 Profit Up by 305% YOY at 92 cr. Q2 Profits up by 147% at 71 Cr.  2 ) Beneficiery of G overnment’s push on infrastructure, housing, construction, and the road segment also at which the government is planning to do the Bharatmala project 3 )  GST rates are reduced to 18% from 28% , especially on the earthmoving and road segment machinery. 4)  On Jan 2018, Escorts Ltd.  The company has reported net sales of Rs.1213.23 crores during the period ended December 31, 2017 as compared to Rs.1100.79 crores during the period ended December 31, 2016. 5)  For the quarter ended December 31, 2017 (Q3FY18), Escorts reported 12% yoy tractor volume growth. This growth was led by 11% yoy growth in domestic volumes and a 41% yoy growth in exports. 6) ) The company sold 18,930 tractors in Q3FY18 against 16,963 tractors in Q3FY17. The