Greaves Cotton soars 11%, hits all-time high; stock up 40% so far in Jan

Shares of Greaves Cotton hit an all-time high at Rs 193.30, surging 11 per cent on the BSE in Monday’s intra-day trade on the back of heavy volumes. The stock surpassed its previous high of Rs 184.25 registered on June 24, 2021. At 10:21 am; the stock traded 9.5 per cent higher at Rs 191.10, as compared to 0.90 per cent rise in the S&P BSE Sensex. A combined 11.8 million equity shares had changed hands at the counter on the NSE and BSE.

Thus far in the month of January 2022, in six trading days, the stock has zoomed 40 per cent after the company’s arm Greaves Electric Mobility, a leading electric two and three-wheeler manufacturer, sold over