07-11-2023 12:07 PM | Source: Accord Fintech
Greaves Cotton surges as its e-mobility division crosses 2 lakh secondary sales of `Ampere`
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Greaves Cotton is currently trading at Rs. 139.00, up by 4.60 points or 3.42% from its previous closing of Rs. 134.40 on the BSE.

The scrip opened at Rs. 135.85 and has touched a high and low of Rs. 140.05 and Rs. 134.65 respectively. So far 105653 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. 140.05 and Rs. 134.00 respectively. The current market cap of the company is Rs. 3133.16 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 e-mobility division -- Greaves Electric Mobility (GEMPL) has achieved more than 200,000 secondary sales of its ‘Ampere’ brand electric 2-wheelers as of the first quarter of fiscal year 2024. This achievement highlights Ampere's commitment to transforming urban transportation and promoting the adoption of electric 2-wheelers nationwide. In April, the Company announced surpassing the 100,000 sales milestone of its ‘Ampere’ brand electric 2-wheelers in the fiscal year 2023.

Ampere has been at the forefront of India's electric vehicle revolution for the past few years, providing accessible and eco-friendly mobility solutions since its establishment. With a diverse product range that includes Zeal, Magnus, and Primus, Ampere caters to the specific needs of personal mobility and last-mile e-commerce customers. This milestone underscores Ampere's ability to deliver dependable, efficient, and affordable electric mobility solutions that address the requirements of a diverse customer base.  

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.