{"id":53108,"date":"2018-01-03T06:24:42","date_gmt":"2018-01-03T06:24:42","guid":{"rendered":"http:\/\/www.bnreport.com\/vst-tillers-soars-8-on-robust-december-sales-figures\/"},"modified":"2018-01-03T06:24:44","modified_gmt":"2018-01-03T06:24:44","slug":"vst-tillers-soars-8-on-robust-december-sales-figures","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/vst-tillers-soars-8-on-robust-december-sales-figures\/","title":{"rendered":"VST Tillers soars 8% on robust December sales figures"},"content":{"rendered":"

Shares<\/a> of VST Tillers<\/a> Tractors soared over 8 per cent and hit their fresh 52-week high of Rs 2,672 in early trade on Wednesday after the company said that sales of power tillers surged 113.5 per cent Y-o-Y to 3,004 units in December 2017. <\/p>\n

The scrip was trading 8.04 per cent up at Rs 2,649.90 at around 10.05 am (IST). Shares of the company opened at Rs 2,545 and touched a high and low of Rs 2,672 and Rs 2,545, respectively, in trade. Benchmark <\/p>\n

BSE Sensex<\/a> was up 158 points, or 0.47 per cent, at around the same time. <\/p>\n

Tractors sales remained flat at 611 units in December 2017 against the same month last year. <\/p>\n

The company is engaged in the business of manufacturing power tillers, tractors, paddy transplanters and diesel engines. <\/p>\n

On the BSE<\/a>, 3,197 shares were traded in the counter so far, compared with an average volume of 1,037 shares in the past two weeks. <\/p>\n

The stock had hit a 52-week low of Rs 1,750 on January 4, 2017. <\/p>\n

The company has a healthy balance sheet<\/a> with surplus cash of around Rs 190 crore on the books as of FY17 and healthy return ratios with RoCE in excess of around 20 per cent. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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