India's Greaves Cotton rises on tie-up with EV maker Enigma

Greaves Cotton

31/08/2023 10:25

** Shares of Greaves Cotton  GRVL.NS  rise as much as 3.8%
to 149.5 rupees, highest since May 26
    ** Auto components maker says its EV retail unit brand
AutoEVMart has partnered with EV manufacturer Enigma Automobiles
for sale and distribution of electric two-wheelers  
    ** Stock trading above its 50-, 100-, and 200-day moving
averages since Tuesday, in bullish run
    ** Trading volume at ~2.6 mln shares, 1.7x the 30-day avg of
~1.6 mln shares, as of 2:35 p.m. IST 
    ** Stock up ~5% so far this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))