The easing of US bond yields and crude oil prices contributed to the recovery in the market last month. Bond yields eased following encouraging inflation data in the US, which strengthened the view that the interest rate hike cycle is closer to the peak.
The slide in domestic equities on Friday also came after the minutes of the RBI s latest policy meeting flagged near-term risks to inflation due to a recent spike in food prices and a liquidity overhang in the banking system. Investors now await Federal Reserve Chair Powell s speech at an annual gathering of global central bankers, due later on Friday, for cues into the US central bank s rate trajectory
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V.S.T Tillers & Tractors rose 2.52% to Rs 1,906.75 after the company s total sales (power tillers + tractors) soared 38.49% to 2,666 units in February 2021 over 1,925 units in February 2020.
Sequentially, total sales (power tillers + tractors) slipped 8.22% in February 2021 over 2,905 units in January 2021.
Sales from power tillers grew 58.63% to 2,159 units in February 2021 as against 1,361 units in February 2020. Tractors skid 10.10% to 507 units in February 2021 compared with 564 units in February 2020. The announcement was made after market hours yesterday, 1 March 2021.
VST Tillers Tractors is engaged in the manufacturing of power tillers and tractors. The company s net profit soared 788.50% to Rs 30.83 crore on a 64.5% rise in net sales to Rs 202.87 crore in Q3 FY21 over Q3 FY20.