EV makers are now waiting for the government to announce the third phase of the FAME III policy
Shares of Greaves Cotton moved higher by 10 per cent to Rs 166.90 on the BSE in intra-day trade on Thursday on the back of heavy volumes, in an otherwise range-bound market, amid expectations of a strong business outlook.
The stock was trading at its highest level since July 2017. It had hit a record high of Rs 178 on May 4, 2017. The trading volumes on the counter nearly doubled, with a combined around 9.9 million shares having changed hands on the NSE and BSE till 11:22 am. In comparison, the S&P BSE Sensex was down 0.20 per cent at 52,400 points.
In the past one week, the market price of Greaves Cotton has surged 23 per cent after the government
First Published: Jun 17 2021 | 11:47 AM IST