Shares of smallcap company Greaves Cotton Limited saw a strong rise on Monday. Shares of the company jumped more than 12% to close at Rs 319.50 on BSE. This surge took the company’s shares to a new 52-week high.
Share performance of Greaves Cotton Limited
- Monday Trading:
- Share price: Rs 319.50.
- Average price: Rs 312 per share.
- Total transaction: 43.45 lakh shares.
- Value: Rs 131 crore.
- 52 week performance:
- Highest level: Rs 319.50.
- Minimum level: Rs 112.50.
Vijay Kedia’s big bet
Veteran investor Vijay Kedia has made a big investment in Greaves Cotton Limited.
- Share purchased:
- 12 lakh shares, which is equivalent to 0.52% stake in the company.
- Block Deal:
- Date: 9 December.
- Investment amount: Rs 25 crore.
- First time investment:
This is the first time that Vijay Kedia has invested in Greaves Cotton Limited.
Greaves Electric Mobility (GEML) IPO
Greaves Cotton Limited’s subsidiary Greaves Electric Mobility (GEML) recently filed the draft prospectus for a Rs 1,000 crore public issue.
- IPO details:
- Fresh issue: Rs 1000 crore.
- Offer for Sale (OFS): Rs 18.94 crore.
160% jump in 7 months
Shares of Greaves Cotton Limited have performed well in the last few months.
- Growth in 7 months:
- June 2024: Rs 115.60.
- December 2024: Rs 319.50.
- Total gain: over 160%.
- Performance in 6 months:
- June to December: Rs 137.15 to Rs 319.
- Gain: More than 120%.
- Performance in 3 months:
- Gain: More than 75%.
Company’s share structure
- Promoters’ stake: 55.88%.
- Public Shareholding: 44.12%.
