On December 11, 2024, Greaves Cotton’s share price (NSE: GREAVESCOT) traded 3.97% lower at ₹341.61 at 10:25 AM on NSE. The stock had scaled a fresh 52-week high of ₹254.25 and rose more than 17% yesterday.
On December 10, 2024, shares of Greaves Cotton surged after investor Vijay Kedia bought 12 lakh shares, worth ₹25 crore, representing a 0.52% stake.
As per news reports, several institutional investors, including Dimensional Fund Advisors, Sundaram Asset Management, and Motilal Oswal Asset Management, also purchased shares, signalling increased institutional interest.
In early December, Greaves Cotton’s board approved the IPO, which will include both a fresh equity issue and an offer for sale by existing shareholders.
Despite facing intense competition in the electric vehicle market, GEML is projected to achieve revenue growth of 7% in FY25 and 14% in FY26, reflecting a positive outlook for the company’s future.
Greaves Cotton Limited is an Indian manufacturing company that primarily focuses on providing a wide range of products, including engines, generators, and electric mobility solutions. It has a long-standing presence in the Indian industrial sector. The company operates in several segments, such as power generation, agriculture, and electric vehicles, and is well known for its high-quality engines used in various applications like agriculture, industrial machinery, and transportation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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