Greaves Cotton gains as its arm collaborates with Readily Mobility to offer after-sales service
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Greaves Cotton is currently trading at Rs. 136.30, up by 0.65 points or 0.48% from its previous closing of Rs. 135.65 on the BSE.
The scrip opened at Rs. 135.60 and has touched a high and low of Rs. 136.95 and Rs. 135.45 respectively. So far 11973 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 184.50 on 08-Sep-2022 and a 52 week low of Rs. 118.70 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 137.75 and Rs. 134.85 respectively. The current market cap of the company is Rs. 3157.52 crore.
The promoters holding in the company stood at 55.87%, while Institutions and Non-Institutions held 8.56% and 35.56% respectively.
Greaves Cotton’s subsidiary -- Greaves Electric Mobility (GEMPL) has entered into collaboration with roadside assistance company Readily Mobility, to offer comprehensive after-sales support to its fleet customers. Greaves Electric Mobility owns the electric two-wheeler brand 'Ampere'.
Readily Mobility is engaged in providing vehicle assistance, and through the collaboration with Greaves Electric Mobility, it would offer after-sales and service support to B2B fleet customers of Greaves Electric. Under this agreement, Readily Mobility will cater to Ampere's fleet of vehicles to ensure smooth operations, minimal downtime and maximum business efficiency for Ampere's fleet customers.
Greaves Cotton commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of over 160 years impacting a million lives every day.
