Shares of Escorts Kubota have rallied 257 per cent in the last three years. The large cap stock, which closed at Rs 460.02 on August 7, 2019 rose to a high of Rs 1,648 on the BSE today. An amount of Rs 1 lakh invested in the shares of Escorts Kubota three years ago would have turned into Rs 3.58 lakh today. In comparison, Sensex has risen 56.75 per cent during the period.
The R&D team’s biggest achievement in 1979 was probably the successful modification of the Bajaj-Chetak scooter to conform to US Federal Motor Vehicle Safety standards during the legal court case battle with Piaggio in the US