Greaves Cotton zooms after its arm joins hand with Mesha Energy Solutions
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Greaves Cotton is currently trading at Rs. 202.50, up by 9.20 points or 4.76% from its previous closing of Rs. 193.30 on the BSE.
The scrip opened at Rs. 196.40 and has touched a high and low of Rs. 204.80 and Rs. 192.50 respectively. So far 388565 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 258.85 on 21-Jan-2022 and a 52 week low of Rs. 119.85 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 210.75 and Rs. 190.25 respectively. The current market cap of the company is Rs. 4503.09 crore.
The promoters holding in the company stood at 55.62%, while Institutions and Non-Institutions held 13.03% and 31.35% respectively.
Greaves Cotton’s subsidiary -- Greaves Electric Mobility has entered into a partnership with Mesha Energy Solutions to improve battery technology for its products across the portfolio. Through the partnership with Mesha Energy Solutions, which is a wholly-owned subsidiary of Mesha, Inc. based in the USA, the company will be able to provide faster charging and better driving experience to its electric vehicle (EV) customers.
The patented solutions of Mesha Energy Solutions deliver faster charging and longer life cycle of batteries while an integrated charge balancer ensures that batteries are charged and operate under optimal conditions.
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.
