The stock involved is a small-cap stock involved in manufacturing of machines, operations, trading of power farmers, machine-related reserves, electric vehicles, and outfit for structure. This stock has seen a decrease by 7 percent while the company delivers up to 46 percent return in a month after the company set out to bring an IPO, Vijaya Kedia Investment, and a bulk deal.
Stock Price Movement
Greaves Cotton Limited suffered a loss of 6.73 percent from the previous close of Rs. 297.15 in Monday’s trading session. The stock has opened at Rs. 288.20 and is trading at Rs. 277.25 currently. A high of Rs. 298.85 and a low of Rs. 275.50 is seen in this regard. The request capitalization now stands at approximately Rs. 6,445.55 crore.
Well-known ace investor Vijay Kedia recently picked up 12 lakh shares of Greaves Cotton, which were originally part of a 0.52 percent stake, for Rs 25 crore through a block deal on December 9. This is his first investment in the company. The company has given a return of 45.88 percent since he invested.
On December 30, the shares of Greaves Cotton witnessed a gush over to 13 percent after as many as 43.45 lakh shares, or 1.87 percent of the company’s equity, worth Rs 131 crore changed hands at an average price of around Rs 312.
In addition, the company has also recently filed a draft prospectus for a Rs. 1000 crore public issue. The IPO comprises of a fresh issue of Rs 1,000 crore and an Offer for trade( OFS) of over to 18.94 crore equity shares by Greaves Cotton Limited and Abdul Latif Jameel Green Mobility results DMCC.
Recent Developments
Greaves Cotton has done well recently to diversify its portfolio and strengthen its request position. The company acquired a maturity stake in Ampere Vehicles in FY2019, buttressing its presence in the electric mobility sector.
The company has also launched eco-friendly products, similar as the eHD series of electric pumps and the Ampere Zeal electric scooter. also, Greaves expanded its retail presence with the opening of AutoEVmart, amulti- brand electric vehicle store in Bengaluru.
Business corridor
Greaves Cotton operates in key sectors, including Powertrain results, wherein it manufactures machines for petrol, diesel, and CNG operations. Its attachment, Ampere Vehicles, is focused on the development of electric vehicles.
The company also offers after-sales services, offering spare corridor and services, and manufactures agrarian outfit, similar as power farmers, for the husbandry sector.
Member Volumes
The company’s member volumes are indicative of a 1 percent increase in the machine member, 31 percent drop in the thenon- machine sector, a 9 percent growth in the machine product, and robust double-digit growth in the electric mobility member that comprises of E2W and E3W.
Latest Quarter Performance and percentages
Greaves Cotton Limited’s profit decreased from Rs. 727 crore in Q2 FY24 to Rs. 705 crore in Q2 FY25, which reflects a decline of 3.03 percent. still, the company’s net loss reduced significantly, from Rs. -375 crore in Q2 FY24 to Rs. -14 crore in Q2 FY25.
Return rates are expected to be 3.72 percent and 1.62 percent, respectively, for the company’s return on capital employed( ROCE) and return on equity( ROE). The debt- to- equity rate is low at 0.06 x, which indicates that the company is nearly debt-free. The earnings per share( EPS) of Greaves Cotton Limited is expected to be Rs. 3.19.
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