Greaves Cotton Stock is up 50% in past 5 Days, want to know what’s happening? Greaves Cotton is more than 160 years old company in Auto Industry with major contribution in revenue from Automotive Engines. But with changing trends, the company was open to get Electric mobility into its business segment with presence in 2W and 3W space and also setting up multi brand retail outlets to cater to the rising demand for EV. Greaves Cotton tried to focus and drive more revenue share from its Electric Mobility business and even working to expand the capacity. Now the recent surge in stocks is price is seen to be because of 2 factors : Firstly, the company updated its December sales data for EVs(2Ws and 3Ws combined) which was more than 10000 units, which is a significant number in comparison to what the company sold in Q2FY22 which was more than 13000 units in those three months total. Secondly, the not so good response to OLA electric is also seen to positive for Greaves cotton as it will help in customer shift to the Alternative Ampere brand for 2W EVs and help sales number. Know about the triggers in detail in this video.
Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► [ Ссылка ]

Subscribe Now To Our Network Channels :-
Times Now : [ Ссылка ]
The NewsHour Debate : [ Ссылка ]

To Stay Updated Download the Times Now App :-
Android Google Play : [ Ссылка ]
Apple App Store : [ Ссылка ]

Social Media Links :-
Twitter - [ Ссылка ]
Facebook - [ Ссылка ]
G+ - [ Ссылка ]
Website - www.etnownews.com

свернуть