Greaves Cotton surges as its retail unit launches complete range of e-rickshaw batteries
Greaves Cotton is currently trading at Rs. 145.10, up by 1.35 points or 0.94% from its previous closing of Rs. 143.75 on the BSE.
The scrip opened at Rs. 144.45 and has touched a high and low of Rs. 147.15 and Rs. 139.70 respectively. So far 173084 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. 147.15 and Rs. 133.25 respectively. The current market cap of the company is Rs. 3294.40 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 retail unit -- Greaves Retail has launched its complete range of e-rickshaw batteries under the brand 'Power Raja by Greaves'. With a focus on the burgeoning e-rickshaw industry, Power Raja batteries are poised to reshape the landscape of small-scale last-mile transportation.
The Power Raja batteries, powered by proven lead-acid technology, have been designed to address the specific needs of the e-rickshaw segment and come with various warranty offers, different capacities of batteries (120 AH / 130 AH / 140AH / 150AH) and are priced competitively, offering value for money to the vehicle owner.
The remarkable Power Raja battery is a power pack that offers an extended life span, a cost-efficient per-kilometer expense and the ability to cover greater distances while demanding minimal upkeep. Greaves Retail's Power Raja batteries are ready to revolutionise the e-rickshaw industry by combining dependability, efficiency and environmental awareness in a compact package.
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.