Greaves Cotton rises 6%; rallies 15% in two days on heavy volumes

The company and Bounce Infinity have entered into an arrangement to provide battery swapping stations for Greaves Electric Vehicles.

Shares of Greaves Cotton moved 6 per cent higher to Rs 187.50 on the BSE in Monday’s intra-day trade, having rallied 15 per cent in the past two trading days on the back of heavy volumes after the company entered into a pact with Bounce Infinity to provide battery swapping stations for Greaves Electric Vehicles. The stock had hit a 52-week high of Rs 258.85 on January 21, 2022.

At 10:16 am; Greaves Cotton was trading 5 per cent higher at Rs 184.95, as compared to a 0.41 per cent decline in the S&P BSE Sensex. A combined 3.6