In all this gloom and doom of the auto sector, there is one silver lining. Its looks like tractor sales are rising. Yesterday, after market hours, VST Tillers reported robust tractor sales for the month of August.
Its tractor sales rose 57% (YoY) at 813 units for the month of August v/s 517 units in previous August’18.
But power tillers showed a 13% fall at 1437 units v/s 1646 units.
However, power tillers declined nearly 13 percent at 1,437 units compared to 1,646 in August 2018.
The stock opened at Rs1,050 and has touched a high of Rs.1195.65 and low Rs.1,049.70. It went on to hit an intraday high at Rs.1195.65, rising over 16.5%.