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Buy Greaves Cotton; target of Rs 180: ICICI Direct

ICICI Direct is bullish on Greaves Cotton has recommended buy rating on the stock with a target price of Rs 180 in its research report dated May 13, 2022.

May 14, 2022 / 01:53 PM IST
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ICICI Direct's research report on Greaves Cotton

Greaves Cotton (Greaves) is a leading diversified engineering company with a presence in automotive, non-automotive, aftermarket, retail, electric mobility solution and finance. New business share increased to ~49% while engine reduced to ~48% in FY17-22 • E-mobility is expected to drive future growth (~38% of FY22 revenue).


We remain long term positive and change our rating on the stock from HOLD to BUY. We value Greaves at Rs 180 on SoTP basis.


For all recommendations report, click here

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first published: May 14, 2022 01:53 pm
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