Greaves Cotton shares surge 19% – details here

Greaves Cotton’s shares saw an impressive rally, surging 19% in Friday’s session to reach ₹254, marking a new 52-week high. The significant jump follows news of Kedia Securities Private Ltd. acquiring a 0.52% stake in the company.

The firm purchased 12 lakh shares via bulk deals on December 9, 2024, at ₹208.87 per share, totaling over ₹25 crore. This stake acquisition triggered heightened investor interest, resulting in increased trading volumes of approximately 27.39 lakh shares.

The stock has performed exceptionally well, gaining 33.58% in the last five days and 31.49% in the past month. Over the past year, Greaves Cotton’s shares have surged 80.58%, reflecting the company’s solid market position and growing investor confidence. The rally underscores Greaves Cotton’s strong fundamentals and the market’s positive outlook for its future growth trajectory.