India, March 10 -- During Tuesday's trading session, shares of the agri-machinery and construction equipment major surged over 5 percent on BSE, after Kotak Institutional Equities upgraded the stock on the back of improving market shares & industry fundamentals, and the declining dependence of tractor demand on monsoon variability.

With a market cap of Rs. 37,292 crores, shares of Escorts Kubota Limited are currently trading in the green at Rs. 3,333.25, up by over 4 percent, as against its previous closing of Rs. 3,196.55 on BSE. The stock has delivered positive returns of around 14 percent in one year, but has fallen by nearly 13 percent in the last one month.

Brokerage Target & Outlook Kotak Institutional Equities has upgraded Escort...