Can Swaraj Engines continue to shine post robust Q4 results?
Swaraj Engines plans to expand the manufacturing capacity to 1.5 lakh units by FY22 from the current 1.35 lakh units to capture the long-term demand prospects.
Synopsis
The good show is likely to continue given the forecast of a normal monsoon and higher food grain production for FY22.
ET Intelligence Group: The stock of Swaraj Engines gained nearly 6% on Thursday in a volatile market following the company’s robust March quarter numbers and record tractor engine sales in FY21. The company also declared a higher dividend payout during the year thereby taking its dividend yield to 5%. The good show is likely to continue given the forecast of a normal monsoon and higher food grain production for FY22.