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Greaves Cotton advances on liquidating step down subsidiary

27 Jun 2017 Evaluate

Greaves Cotton is currently trading at Rs. 160.55, up by 0.95 points or 0.60% from its previous closing of Rs. 159.60 on the BSE.

The scrip opened at Rs. 165.00 and has touched a high and low of Rs. 165.00 and Rs. 159.30 respectively. So far 9,491 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 178.00 on 04-May-2017 and a 52 week low of Rs. 115.20 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 165.00 and Rs. 159.00 respectively. The current market cap of the company is Rs. 3,920.00 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 33.52% and 15.47% respectively.

Greaves Cotton Middle East (FZC), a step down subsidiary of Greaves Cotton, which was registered at Sharjah Airport International, UAE, has been liquidated. During the year 2016-17, Greaves Cotton Middle East (FZC) recorded total revenue of Rs 0.34 crore and loss of Rs 0.24 crore. The liquidation/closure of Greaves Cotton Middle East (FZC) would reduce the expenditures and also the compliance obligations.

Greaves Cotton, a Rs 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and Gensets.


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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