Stock Market update: Greaves Cotton Ltd shares on rally, surges by 12% on strong outlook

The share price of Greaves Cotton Ltd went to an all-time high at 12%.

Shares of an engine manufacturing company, Greaves Cotton Limited rose by 12% on Monday. The share price hit at Rs. 196.80 per equity share and increasing with over 22 points and by 12%.

Since the new year, Greaves Cotton has shown a strong performance in the stock market. The shares of the company have increased constantly since the new year. The previous low in the share price of Greaves Cotton was at Rs. 132.45 per equity share on December 20, 2021, and the share price fell by 4.26%.

The total income of Greaves Cotton Limited in the quarter ending September 2021 was Rs. 379.65 crore as compared to Rs. 330.99 crore the previous year in the same quarter. Whereas, the total revenue of the engineering company in 2021 was Rs. 1,508.73 crore as compared to 1,931.12 crore the previous year, representing a decrease of 21.87%.

Greaves Cotton Limited, headquartered in Mumbai, is an engineering company that deals with the manufacturing of diesel, petrol, gasoline engines, diesel pumps, farm equipment and much more. And, has a current market capitalization of Rs. 4,531.65 crore.

 

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