Greaves Cotton trades higher as its arm launches Ampere Primus electric scooter
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Greaves Cotton is currently trading at Rs. 134.85, up by 2.20 points or 1.66% from its previous closing of Rs. 132.65 on the BSE.
The scrip opened at Rs. 133.05 and has touched a high and low of Rs. 136.55 and Rs. 133.05 respectively. So far 62464 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 210.75 on 11-Apr-2022 and a 52 week low of Rs. 124.15 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 141.65 and Rs. 131.65 respectively. The current market cap of the company is Rs. 3133.04 crore.
The promoters holding in the company stood at 55.54%, while Institutions and Non-Institutions held 9.25% and 35.21% respectively.
Greaves Cotton’s subsidiary -- Greaves Electric Mobility (GEMPL) has forayed into the high speed electric two-wheeler segment with the launch of Ampere Primus at Rs 1,09,900 (ex-showroom price). Greaves’ latest, all-new scooter offers optimum safety with LFP battery pack, improved performance with PMS motor, belt drive, and smart connected cluster for seamless navigation. Primus is an ideal electric scooter for customers looking for a superior experience in styling, performance, comfort & reliability. It continues to embody the company’s ‘Make-in-India’ thrust, with a high degree of localization with domestically sourced components.
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.
