India's Greaves Cotton up on EV sales boost

Greaves Cotton

03/04/2023 06:45

** Shares of Greaves Cotton  GRVL.NS  rise as much as 3.05%
to 129.9 rupees
    ** The engineering firm, which makes engines and heavy
equipment, says its unit Greaves Electric Mobility achieved over
100,000 retail sales of its "Ampere" electric two-wheelers in
FY23
    ** Adds "Ampere" registrations more than tripled over the
last 1 year as per Vaahan
    ** More than 437,000 shares traded by 11.00 a.m. IST vs
30-day avg of 1.1 mln shares
    ** Stock down ~10% so far this year

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))