Expert says Escorts share price consolidating in Rs 1200-Rs 1400 range, breakout above Rs 1400
Escorts share price today: Farming and construction equipment-maker Escorts share price closed yesterday at Rs 1233, up Rs 17 or 1.4%. In his technical analysis on Escorts, Avinash Gorakshkar, Director Research at ProfitMart Securities said that since the last 2 months Escorts price is consolidating Rs 1200-Rs 1400 and not doing much but in this process is forming a nice flag pattern on a weekly basis
IIFL Securities has initiated coverage on Escorts with an ADD rating and target price of Rs 1470: Reuters