Greaves Cotton gains as its arm enters into partnership with ShriramFinance
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Greaves Cotton is currently trading at Rs. 183.10, up by 3.05 points or 1.69% from its previous closing of Rs. 180.05 on the BSE.
The scrip opened at Rs. 175.00 and has touched a high and low of Rs. 184.75 and Rs. 175.00 respectively. So far 169308 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 193.00 on 18-Sep-2024 and a 52 week low of Rs. 112.50 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 184.75 and Rs. 170.20 respectively. The current market cap of the company is Rs. 4284.64 crore.
The promoters holding in the company stood at 55.88%, while Institutions and Non-Institutions held 4.92% and 39.19% respectively.
Greaves Cotton’s electric mobility arm -- Greaves Electric Mobility (GEMPL) has entered into a partnership with Shriram Finance, a flagship company of the Shriram group and a leading financial services company. This collaboration aims to make Greaves Electric Mobility’s 3Ws (Greaves 3 Wheelers) more accessible by offering customers tailored financing schemes, including attractive down payment options and flexible EMI plans.
Shriram Finance's extensive pan-India network will be pivotal in driving last-mile mobility adoption across both passenger and cargo segments. This partnership supports Greaves Electric Mobility's vision of ‘Har Gully Electric’, making its entire 3W product range (Greaves 3 Wheelers, Eltra City and Eltra Cargo) - more accessible to consumers across the country.
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 several years impacting a million lives every day.
