Greaves Cotton shines on partnering with M&M

29 Jan 2019 Evaluate

Greaves Cotton is currently trading at Rs. 119.90, up by 3.40 points or 2.92% from its previous closing of Rs. 116.50 on the BSE.

The scrip opened at Rs. 116.45 and has touched a high and low of Rs. 119.95 and Rs. 116.00 respectively. So far 38308 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 165.00 on 04-Sep-2018 and a 52 week low of Rs. 111.10 on 24-Oct-2018.

Last one week high and low of the scrip stood at Rs. 120.65 and Rs. 115.00 respectively. The current market cap of the company is Rs. 2881.64 crore.

The promoters holding in the company stood at 51.65%, while Institutions and Non-Institutions held 28.84% and 19.51% respectively.

Mahindra & Mahindra (M&M) has partnered with Greaves Cotton to source BS-VI emission norms compliant powertrain solutions. As a part of this partnership, Greaves Cotton will provide affordable last mile mobility solutions through BS-VI powertrain solutions to M&M. These powertrains will be used in Mahindra 3 wheelers, which in turn will serve millions of customers and help them save ‘more with every kilometer’ they travel, thereby helping them improve everyday earnings.

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.

Greaves Cotton Share Price

127.15 5.00 (4.09%)
29-Mar-2023 18:02 View Price Chart
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