Escorts Kubota Shares Jump 5% as Kotak Upgrades on Market Share Revival Hopes

• Escorts Kubota shares surged 5% after Kotak Institutional Equities upgraded its rating from 'sell' to 'add'.
• Kotak set a price target of ₹3,375, citing intact core drivers and less monsoon dependence for tractor demand.
• Tractor sales correlation with monsoon is weak; other factors like MSP and credit significantly impact sales.
• Brokerage expects Escorts Kubota's market share to rise with new launches and construction equipment recovery by CY2026.
• February tractor sales jumped 20.4%; industry projected for 6-7% CAGR in medium term.