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Market move● Neutral for Escorts Kubota
Two tractor stocks: Escorts Kubota shares fall 6%; VST Tillers shares rally 5% after September sales
The brief
- Escorts Kubota shares fell 6% after September tractor sales declined 16.7% year on year
- VST Tillers shares rose 5% after September sales
- Diverging tractor sales expose Escorts Kubota and VST Tillers to uneven rural demand
September tractor sales at Escorts Kubota
Escorts Kubota sold 15,214 tractors in September, down 17% year on year from 18,267, though its six-month sales rose 10%.
Thursday, 1 October
- Two tractor stocks: Escorts Kubota shares fall 6%; VST Tillers shares rally 5% after September sales