{"id":7179,"date":"2025-01-16T14:12:41","date_gmt":"2025-01-16T09:12:41","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=7179"},"modified":"2025-02-04T17:46:12","modified_gmt":"2025-02-04T12:46:12","slug":"mtl-gained-20-in-one-month-heres-why","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/mtl-gained-20-in-one-month-heres-why\/","title":{"rendered":"MTL gained 20% in one month, here’s why"},"content":{"rendered":"\n

Taurus Securities Limited has just published a report on MLT’s monthly sales. <\/p>\n\n\n\n

Millat Tractors Limited (MTL<\/a><\/strong> )sold 4,686 units<\/strong> in December 2024, the highest since April 2018. MTL Sales went up 2.3 times<\/strong> compared to the previous month. The main reason for this increase is the launch of the Green Tractor Scheme<\/strong> in Punjab. The Punjab Government plans to provide 9,500 tractors<\/strong> to farmers with a subsidy of PKR 1 million<\/strong>. Tractors with 50HP to 85HP, made locally, are eligible for this scheme.<\/p>\n\n\n\n

MTL, with about 60% of the domestic tractor market, is expected to benefit the most from this scheme. News sources say that 3,973<\/strong> tractors are delivered, with the rest expected to be delivered by March 2025. MTL is likely to provide another 3,000-3,500<\/strong> tractors under the scheme until March 2025.<\/p>\n\n\n\n

The total budget for the scheme is PKR 30 billion<\/strong>, which means around 30,000 tractors can be delivered under the entire scheme, considering the PKR 1 million subsidy per tractor. MTL may see significant sales growth in the second half of FY25 and FY26, but more details are awaited.<\/p>\n\n\n\n

Initial estimates of Taurus Securities Limited suggest MTL sales to be around 19,000-20,000 units<\/strong> for FY25, higher than their earlier estimate of 14,500 units for FY25. This increase in sales is expected to lead to higher earnings and improve the company\u2019s valuation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Taurus Securities Limited has just published a report on MLT’s monthly sales. <\/p>\n","protected":false},"author":9251,"featured_media":6844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[154,155],"tags":[148],"class_list":["post-7179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-fundamental-analysis","tag-mtl"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/MTL-STOCK-PSX-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/MTL-STOCK-PSX-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/MTL-STOCK-PSX-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/MTL-STOCK-PSX.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/7179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/9251"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=7179"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/7179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/6844"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=7179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=7179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=7179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}