Greaves Cotton is currently trading at Rs. 159.00, up by 12.35 points or 8.42% from its previous closing of Rs. 146.65 on the BSE.
The scrip opened at Rs. 157.55 and has touched a high and low of Rs. 164.25 and Rs. 155.00 respectively. So far 176761 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 163.50 on 30-Aug-2018 and a 52 week low of Rs. 112.45 on 23-Mar-2018.
Last one week high and low of the scrip stood at Rs. 163.50 and Rs. 145.00 respectively. The current market cap of the company is Rs. 3581.29 crore.
The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 26.81% and 22.19% respectively.
Greaves Cotton has entered into definitive agreements pursuant to which Greaves Cotton will acquire a majority stake in EV Company Ampere Vehicles. This acquisition will accelerate the development of clean energy technology solutions for mobility needs of passengers and small businesses.
The company aims to create enhanced value for its shareholders by investing in advanced clean energy technologies through partnerships in India and worldwide. This acquisition in the electric mobility segment underscores the strategic intent of Greaves.
Greaves Cotton, a 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.
