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Greaves Cotton surges on making entry in multi-brand EV retail segment

09 Sep 2021 Evaluate

Greaves Cotton is currently trading at Rs. 141.05, up by 3.10 points or 2.25% from its previous closing of Rs. 137.95 on the BSE.

The scrip opened at Rs. 138.80 and has touched a high and low of Rs. 144.80 and Rs. 136.60 respectively. So far 405041 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 184.25 on 24-Jun-2021 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. 145.35 and Rs. 133.90 respectively. The current market cap of the company is Rs. 3239.21 crore.

The promoters holding in the company stood at 55.63%, while Institutions and Non-Institutions held 16.27% and 28.10% respectively.

Greaves Cotton has made entry in the multi-brand electric vehicle retail segment. It will be launching the first retail store under this new business soon.

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.

Peers
Company Name CMP
Cummins India 4828.10
Kirloskar Oil Engine 2243.65
Greaves Cotton 221.00
Swaraj Engines 3522.85
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