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Greaves Cotton advances on foraying into multi brand spares business

12 Jul 2016 Evaluate

Greaves Cotton is currently trading at Rs. 143.70, up by 5.50 points or 3.98% from its previous closing of Rs. 138.20 on the BSE.

The scrip opened at Rs. 142.10 and has touched a high and low of Rs. 145.00 and Rs. 142.00 respectively. So far 18,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 162.40 on 20-Nov-2015 and a 52 week low of Rs. 114.20 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 145.00 and Rs. 135.80 respectively. The current market cap of the company is Rs. 3,504.37 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 37.65% and 11.35% respectively.

Greaves Cotton, one of India’s leading engineering companies, has forayed into multi brand spares business, an extension to its after-market services. The engineering major, with a strong presence in the after-market services with a network of over 3,000 outlets spread across the country will provide a complete range of multi brand spares across categories like: engine, transmission, electrical, rubber parts, lubricants and body parts.

The company, will initially, offer fast-moving vehicle and engine spare parts through its strong retail network. This will be in addition to generic parts. In the next phase even relatively slow- moving parts will also be offered to customers thus becoming a one-stop-shop for most parts requirements irrespective of the brand of 3-wheeler passenger and commercial vehicles. The company will be the first to offer spares across all categories in Three Wheeler (3W) Segment.

Greaves Cotton is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and gensets. The Company sustains its leadership through seven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.


Greaves Cotton Share Price

161.40 3.15 (1.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Cummins India 5141.75
Greaves Cotton 161.40
Swaraj Engines 4049.20
View more..

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