Greaves Cotton surges as its arm unveils its first 37 metres Boom Pump at Excon

22 Nov 2013 Evaluate

Greaves Cotton is currently trading at Rs. 59.95, up by 1.60 points or 2.74% from its previous closing of Rs. 58.35 on the BSE.

The scrip opened at Rs. 59.95 and has touched a high and low of Rs. 60.25 and Rs. 59.00 respectively. So far 7,768 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 86.50 on 01-Feb-2013 and a 52 week low of Rs. 53.00 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 63.00 and Rs. 58.00 respectively. The current market cap of the company is Rs. 1,464 crore.

The promoters holding in the company stood at 51.56% while Institutions and Non-Institutions held 36.72% and 11.72% respectively.

 Greaves Construction Equipment Business, part of Greaves Cotton, one of India's leading engineering companies, has launched the first of its 37 metre 3 axle truck mounted boom pump ‘GCP3709Z’ at Excon. The 4 arm Z fold type boom offers increased flexibility and maneuverability in areas where space is a constraint Best suited for mega projects such as airports, metro projects, mono-rails, flyovers and high rise infrastructural and residential projects, Greaves GCP3709Z provides superior productivity and pumping efficiency thereby ensuring faster completion of projects, reduced down-time and higher output.

With the Z-fold section of the boom, operators have a myriad of options for placement while shooting concrete up to 37 meters vertically, and 33 meters horizontally. GCP3709Z has a folding height of 3.95 meters for low overhead conditions and a slewing range of 370 degrees to suit demanding job sites.

Greaves Cotton, a 1,900 crore, a multi-product, multi-location company, is one of the leading engineering companies in India with core competencies in diesel/petrol engines, diesel generators and construction equipments.

Greaves Cotton Share Price

133.30 0.65 (0.49%)
23-May-2024 15:31 View Price Chart
Peers
Company Name CMP
Cummins India 3762.70
Greaves Cotton 133.30
Swaraj Engines 2504.00
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