Escorts Kubota’s Haryana Expansion Could Fuel Next Leg Of Rally, Says SEBI Analyst

The stock is trading near key support levels that could signal further upside.

Escorts Kubota, along with Japan’s Kubota Corporation, has signed a memorandum of understanding (MoU) with the Haryana government to invest ₹2,000 crore by 2031. 

The investment will expand manufacturing and R&D facilities for agricultural and construction equipment, reinforcing India’s position as a global manufacturing hub. 

SEBI-registered analyst A&Y Market Research highlighted that this move aligns with Escorts’ goal to strengthen technology localization, enhance export capabilities, and capitalize on India’s rising agri-mechanization and infrastructure growth. 

Technical Outlook

On the technical charts, Escorts' stock is currently trading between the resistance level of ₹3,825 and the support zone of ₹3,357-₹3,395. A&Y Market Research said that this support zone is crucial, as a bounce or rejection from these levels could indicate buyer strength. 

On the upside, if the stock breaks past ₹3,825, it could pave the way for further upside. Next resistance level is seen at ₹4,406, which doubles up as a potential target if Escorts breaches the previous flagged resistance level. 

Additionally, the analyst added that if Escorts holds the support levels of ₹3,357 to ₹3,395, it could indicate strong buying sentiment.

What Is The Retail Mood?

Data on Stocktwits shows that retail sentiment has been ‘bullish’ for a week.

Escorts shares have risen 8% year-to-date (YTD).

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