According to stock market analysts, there are full chances of an upside potential in Escorts Ltd stock in today’s trading session.

It has also performed well on yesterday (2 Jan). Today, it opened at Rs 165 as against its previous close at Rs 163.85 on BSE.

The stock is likely to generate handsome gains today.

Interested investors can purchase the stock with a stop loss of Rs 161 to attain an intraday target that lies between Rs 168-172. The traders can surely achieve this target as the stock market is trading in the positive mood.

On Bombay Stock Exchange (BSE), the stock has touched 52-week high of Rs 172.45 and a low of Rs 72.70. The stock is trading at a P/E of 49.12. If the stock markets remain firm, it will achieve its new 52-week high today. So the investors should hold the stock and make decent gains from it.

On 26 Dec, 2007, Escorts reported that its loss narrowed to Rs 55.10 million on consolidated basis during FY07 as compared to net loss of Rs 474.10 million in FY06. On the other hand, the growth of revenue declined 15.72% on consolidated basis to Rs 28,248.20 million in FY07, compared with Rs 24,409.60 million in FY06.

But, on standalone basis, Escorts swung to a loss of Rs 64.40 million in FY07 as compared to net profit of Rs 190 million in FY06. While the standalone revenues climbed 12.05% in FY07 to Rs 21,021.50 million compared with Rs 18,760.20 million in FY06.

Those who have already purchased this stock can buy other brilliant stocks from the same sector. Some of the stock that are best options for intraday trading include HMT and Punj Tractors.