Greaves Cotton is currently trading at Rs. 109.50, up by 10.85 points or 11.00% from its previous closing of Rs. 98.65 on the BSE.
The scrip opened at Rs. 99.90 and has touched a high and low of Rs. 109.70 and Rs. 99.60 respectively. So far 607580 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 147.10 on 19-Feb-2020 and a 52 week low of Rs. 66.00 on 02-Nov-2020.
Last one week high and low of the scrip stood at Rs. 109.70 and Rs. 85.65 respectively. The current market cap of the company is Rs. 2439.23 crore.
The promoters holding in the company stood at 55.63%, while Institutions and Non-Institutions held 19.25% and 25.12% respectively.
Ampere Electric, the electric-mobility arm of Greaves Cotton, is going to invest Rs 700 crore in a phased manner over 10 years to set up a manufacturing plant at Ranipet in Tamil Nadu. The proposed plant, for which Ampere Electric has signed a memorandum of understanding with the Tamil Nadu government, will be spread in 1.4 million sq feet and is expected to be completed by this year.
Greaves Cotton commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of over 160 years impacting a million lives every day.
