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Greaves Cotton shines as its arm rolls out electric scooter ‘Zeal’

29 May 2019

Greaves Cotton is currently trading at Rs. 149.25, up by 4.85 points or 3.36% from its previous closing of Rs. 144.40 on the BSE.

The scrip opened at Rs. 146.35 and has touched a high and low of Rs. 149.50 and Rs. 145.85 respectively. So far 14001 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. 149.50 and Rs. 140.00 respectively. The current market cap of the company is Rs. 3526.35 crore.

The promoters holding in the company stood at 51.90%, while Institutions and Non-Institutions held 29.64% and 18.46% respectively.

Greaves Cotton’s e-mobility arm -- Ampere Vehicles has rolled out high-speed electric scooter Zeal under FAME-II scheme, priced at Rs 66,950 (ex-showroom Bengaluru with subsidy). The e-scooter will get a subsidy of Rs 18,000. It has a top speed of 55 kmph and a range of 75 km with charge time of 5.5 hours. The launch is part of the company's strategic initiative to strengthen and expand presence in last-mile e-mobility space.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323