Greaves Cotton soars 20%, hits all-time high on the back of heavy volumes

Up 52% so far in Jan; demand has surged after EV arm reported strong sales


Illustration: Ajay Mohanty

Deepak Korgaonkar Mumbai
Shares of Greaves Cotton hit an all-time high of Rs 209.45 apiece, before closing higher by 19.91 per cent at Rs 209.30 on the BSE on the back of heavy volumes. The stock surpassed its previous high of Rs 184.25 registered on June 24.
In the six trading days in January, the stock has zoomed 51.7 per cent after the company’s arm Greaves Electric Mobility, a leading electric two and three-wheeler manufacturer, sold over 10,000 units in December.
Ampere, the fastest growing e-mobility brand, reported a record growth of almost 6 times in revenue in December versus the same month last year and E3W business grew by 101 per cent in volume terms, the company said in a

First Published: Jan 10 2022 | 11:39 PM IST

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