Escorts Kubota shares climbed marginally on 5 September after the company decided to raise the base price of its tractors from 16 September.

The increase in prices would vary across variants and models.

In August, the company’s tractor sales were at 5,593 units against 6,111 units sold in the same month a year back. On the domestic front, the shales were down marginal at 5,198 units against the 5,308 units, whereas exports saw a drastic fall to 395 units from 803 units in the same month last year.

According to the media outlet CNBC-TV18, the company is looking to sell off its railway business and is in talks with investors for a potential sale.

The company’s quarterly report for the April-June quarter in its railway business recorded the highest-ever quarterly net profit at Rs 283 crore and a 33% YoY increase in its operating revenue at Rs 842 crore for the same quarter.

At 10:50 am, Escorts Kubota’s shares were trading at Rs 3,030 or 0.22% below its previous close on NSE.