Greaves Cotton Ltd up by 19.11 percent | Espresso

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Espresso shot of the day – Greaves Cotton Ltd up by 19.11 percent

February 17, 2021
Espresso shot of the day – Greaves Cotton Ltd up by 19.11 percent

GREAVES COTTON LTD 117.50 (+19.11 %)  BSE – INE224A01026| 17th FEB 2021

Greaves Cotton Limited commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trusted for over 160 years impacting a million lives every day. Greaves is a market leader in fuel-agnostic powertrain solutions and manufactures Cleantech powertrains for CNG, Petrol, and Diesel segments. The company operates in multiple segments namely Automotive, Non-Automotive, Aftermarket, Greaves Retail, Electric Mobility (Ampere Electric for electric scooters and other electric industrial products and e-rickshaw) & Greaves Finance. Over the years, the company has actively participated in nation-building and continues to support the 'Make-In-India' initiative of the Government through its 6 state-of-the-art manufacturing facilities in the country creating world-class products and solutions. The company has a vast nationwide network with 380 plus Greaves big retail centres & 6300 plus smaller spare parts retail outlets across the country.

Recent Drivers

  • Greaves Cotton Limited reported a standalone net profit of Rs 20.92 crores in December quarter.
  • Greaves Cotton Limited reported consolidated revenues at Rs 495 crores in December quarter. This represented around 50% growth in revenues over the previous quarter. 
  • Greaves Cotton Limited reported Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) at Rs 49 crores in Q3FY21. EBITDA margin during the quarter recovered to 12 % from 6.1 % in previous quarter.
  • Greaves Cotton Limited is continuing investments towards diversification. The company is investing heavily in e-mobility.
  • Greaves Cotton Limited appoints Dalpat Jain as Group CFO.
  • On 25 November’ 2020, D B H International Private Limited, the promoter group Greaves Cotton has acquired 207,500 equity shares of company at an average price of Rs 73.82 per share. In November, D B H International Private Limited and Karun Carpets Private Limited have collectively bought 1.86 million equity shares of the company for Rs 13.67 crores.

(Sources: The Hindu Business Line, ET Auto, Business Standard )

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 11.42%
  • Spurt in volume by more than 11.03 times compares to previous vol. 3 months avg qty – 23,44,741
  • Stock price has jumped more than 25% from three month low level – 73.0, 25 November’ 2020
  • Daily RSI (14) is in overbought territory today RSI central line crossed 3 periods ago
  • 52 -week high - 147.10 | 52- week low- 66.00

 Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

213.90

180.50

132.80

99.40

51.70

18.30

-

-

Fibonacci Pivot

180.50

149.52

130.38

118.05

99.40

80.75

68.42

49.28

18.30


Today’s Close

117.50

SMA

BSE

10 DAY

92.44

20 DAY

90.71

50 DAY

89.62

200 DAY

81.24

Some Key Ratios (Source: BSE)

Market Cap: 2716.68 crores

PE: -653.54

OPM%: 11.79

ROE%: -0.41

Prev. Close: 98.65

*Chart And Technical Force data taken from the Binge desktop app - Espresso

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.