Greaves Cotton

Greaves.Next. Parag Satpute, managing director and group chief executive officer of Greaves Cotton, discusses the road map and the company's focus areas

Greaves Cotton shares rose 4.2 per cent and logged an intra-day high at ₹224.9 per share on BSE, after company approved a further investment of approximately ₹22 crore in its subsidiary

Greaves Cotton shares jumped nearly 20 per cent after posting healthy Q1 results; PAT up 220 per cent; revenue up 16 per cent

Greaves Electric Mobility has received Sebi's approval to launch an IPO, aiming to raise ₹1,000 crore through fresh shares and an OFS, with funds planned for tech, capacity, and expansion projects

Satpute has previously served as the president of the Fleet Business at Bridgestone Mobility Solutions and was the Managing Director of Bridgestone India

Greaves Cotton's stock rose as much as 8.39 per cent during the day to ₹188.68 per share, the biggest intraday gain since January 29 this year

The northward move in the company's stock price follows the news that its e-mobility division, Greaves Electric Mobility, has introduced the Ampere Magnus Neo

By 01:05 PM, as many as 50.11 million equity shares, representing 21.55 per cent of the total equity of Greaves Cotton, had changed hands on the NSE

Greaves Cotton share rose after the company announced that its material subsidiary, Greaves Electric Mobility, has filed a Draft Red Herring Prospectus (DRHP) with Sebi, BSE and NSE for Rs 1,000 crore

The average trading volumes at the counter jumped over two-fold with a combined 30.9 million shares representing 13.3% equity of the company changing hands on the NSE and BSE till 02:57 pm.

Greaves Cotton hits 35-monhts high of Rs 232.65, surging 18% in two days after Vijay Kedia-led Kedia Securities bought over 1 million shares of the company via the open market

Shares of Greaves Cotton plunged up to 13.66 per cent at Rs 154.50 per share on the BSE

The uptick in stock price came after Greaves Cotton announced that its unit, Greaves Finance, has partnered with Acko to facilitate seamless EV ownership across India

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The govt said that Greaves Electric Mobility failed to adhere to Phased Manufacturing Programme guidelines, hence it will need to return the subsidy of about Rs 124 cr claimed under the FAME-II scheme

Company likely to see net losses for FY23 & FY24

Greaves Cotton to acquire motion-control systems player Excel Controlinkage

Sustainable level above 18,201 could result in to momentum buying in the coming sessions, which could take Nifty towards next resistance of 18,500

Greaves Electric Mobility Pvt Ltd, the company's arm, has electric two-wheeler models Primus, Magnus EX and Reo Plus under the Ampere brand umbrella