Shares of Greaves Cotton Limited saw a significant rally on December 10, climbing over 8% following news of a stake acquisition by Kedia Securities Private Ltd. As of 9:15 AM, the stock was trading at ₹230.78, marking an 8.23% jump. The shares have also hit 52-week high this morning at Rs 231.80
Key Developments:
- Stake Acquisition: Kedia Securities Private Ltd purchased 12 lakh shares, equivalent to a 0.52% stake in Greaves Cotton, through bulk deals on December 9. The purchase price was ₹208.87 per share.
- Trading Volume: Approximately 27.39 lakh shares were traded via bulk deals across both exchanges on the same day.
- Stock Performance: The stock closed nearly 8% higher at ₹213.70 on December 9 and continued its upward momentum in early trading hours.
Greaves Cotton Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Mon, Dec 9 2024
|
₹197.99
|
₹213.24
|
|
|
Fri, Dec 6 2024
|
₹200.50
|
₹197.68
|
-0.46%
|
|
Thu, Dec 5 2024
|
₹191.29
|
₹198.59
|
|
|
Wed, Dec 4 2024
|
₹190.00
|
₹190.55
|
|
|
Tue, Dec 3 2024
|
₹188.10
|
₹188.88
|
-0.27%
|
|
Mon, Dec 2 2024
|
₹194.50
|
₹189.39
|
|
|
Fri, Nov 29 2024
|
₹180.14
|
₹186.98
|
|
|
Thu, Nov 28 2024
|
₹184.70
|
₹181.81
|
-1.63%
|
This development reflects strong investor confidence, with the strategic stake acquisition by Kedia Securities adding momentum to the stock’s recent performance.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
