India's Greaves Cotton rises as unit partners with Bike Bazaar Finance

Greaves Cotton

13/06/2023 09:32

** Shares of Greaves Cotton  GRVL.NS  up as much as 2.6% to
138.2 rupees
    ** Stock posts biggest daily pct gain since June 5, and on
track for a second consecutive session of gains if trends hold
    ** Co on Monday said its unit Greaves Electric Mobility
entered into an agreement with Bike Bazaar Finance
    ** Bike Bazaar Finance will finance Greaves Electric
Mobility's ELE-branded L3 electric vehicles
    ** Trading volume is over 1.1 mln shares as of 1:50 p.m.
IST, ~0.4x the 30-day avg
    ** All five analysts on stock have a "buy" or higher rating;
median PT is 191.00 rupees - Refinitiv data

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))