Greaves Cotton shines as its arm introduces groundbreaking financial platform `evfin`
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Greaves Cotton is currently trading at Rs. 136.15, up by 5.40 points or 4.13% from its previous closing of Rs. 130.75 on the BSE.
The scrip opened at Rs. 133.25 and has touched a high and low of Rs. 137.50 and Rs. 132.40 respectively. So far 214052 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. 142.55 and Rs. 128.40 respectively. The current market cap of the company is Rs. 3150.74 crore.
The promoters holding in the company stood at 55.74%, while Institutions and Non-Institutions held 8.77% and 35.49% respectively.
Greaves Cotton’s wholly owned subsidiary -- Greaves Finance has introduced a groundbreaking financial platform called ‘evfin’. This platform aims to revolutionise the world of electric vehicle (EV) financing and more.
The Economic Survey 2023 highlights the pivotal role of the automotive industry in the shift towards green energy. It predicts that the domestic EV market will experience a remarkable compound annual growth rate (CAGR) of 49% from 2022 to 2030, with an anticipated annual sales volume of one crore units by 2030.
To expedite the transition towards electric vehicles amidst their increasing adoption, it is crucial to address the complete lifecycle journey of EV usage for consumers, evfin offers an unprecedented suite of innovative experiences. This suite ensures a superior EV journey throughout the ownership lifecycle, providing accessible and cost-effective financing options.
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.
