Shares of Escorts Kubota rose by 3% after DAM Capital upgraded the stock to a ‘Buy’ rating, with a target price (TP) of ₹3,550, up from ‘Neutral’.
The brokerage expects the Indian auto sector to recover by FY26, driven by favorable macroeconomic factors. Despite concerns over a near-term slowdown, DAM Capital remains optimistic about the long-term growth prospects of Escorts. Investors are encouraged by the positive outlook, with the company positioned to benefit as the sector gains momentum in the coming years.
Escorts shares opened at 3,161.55, with a high of 3,294.00 and a low of 3,161.55. The stock’s 52-week high stands at 4,420.00, while the 52-week low is 2,648.40.
As of 9:40 a.m., Escorts shares were trading 2.88% higher at Rs 3,242.00 on the NSE.
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