Multibagger Alert: This BSE 500 stock gave 143% returns in one year!
The stock price went up from Rs 93.35 on 18 January 2021 to Rs 227.05 on 18 January 2022. It has a 52-week high and low of Rs 251.60 and Rs 84.55 respectively on BSE.
Greaves Cotton Ltd, a diversified engineering company has rallied by 243% on the bourses in the last 1 year, giving investors exceptional returns.
The company is a leading manufacturer of Cleantech Powertrain Solutions (CNG, petrol and diesel engines), generator sets, farm equipment, E-Mobility, aftermarket spares and services. It has more than 500 Greaves retail centres and 6300 smaller spare parts retail outlets across the country, giving it a strong foothold in the domestic markets.
Its automotive engines are used in a variety of applications such as marine, light construction and firefighting applications and more.
In the E-Mobility segment, the company offers a wide range of electric vehicles comprising Electric – 2 wheelers, Electric-Rickshaws, Electric-cycles and Electric-Autos. In Q2FY22, the sales revenue in this segment went up by 111% YoY.
Speaking about the recent developments, in November 2021, the company announced the inauguration of its largest EV production facility in Ranipet, Tamil Nadu. This development is a part of the Rs 700 crore investment roadmap announced by the company to expand its growing share in the Indian electric vehicle market.
Prior to that, in August 2021, the company announced that Ampere Vehicle, a wholly-owned subsidiary of the company, will acquire a 26% stake in MLR Auto, a company that is engaged in the design, development, manufacture, marketing, and sale of L5 three-wheelers.
These developments are aligned with the company’s strategy of diversifying its product portfolio. As per the management, this strategy has resulted in accelerated growth across all business areas with higher operational efficiencies and surplus cash to drive transformative growth with new agility & resilience in future.
At 12.16 pm, the share price of Greaves Cotton Ltd was trading at Rs 226.15, marginally down by 0.40% from the previous day’s closing price of Rs 227.05 on BSE.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7503.70 | -134.4 (-1.76%) |
| CAC 40 | 8023.26 | 0 (0%) |
| DAX | 17837.40 | 0 (0%) |
| Dow Jones | 37775.38 | 22.07 (0.06%) |
| FTSE 100 | 7882.83 | 22.74 (0.29%) |
| Hang Seng | 16131.49 | -254.38 (-1.55%) |
| US Tech Composite | 15606.50 | -81.87 (-0.52%) |
| Nikkei 225 | 36818.76 | -1260.94 (-3.31%) |
| S&P 500 | 5011.12 | -11.09 (-0.22%) |
| Gift Nifty | 21669.00 | -346 (-1.57%) |
| Shanghai Composite | 3076.38 | 2.16 (0.07%) |
| Taiwan Weighted | 19644.15 | -657.05 (-3.24%) |
| US 30 | 37339.10 | -389.5 (-1.03%) |
Start Investing in 5 mins*
Rs. 20 Flat Per Order | 0% Brokerage
