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Buy Greaves Cotton; target of Rs 210: ICICI Direct

ICICI Direct is bullish on Greaves Cotton recommended buy rating on the stock with a target price of Rs 210 in its research report dated November 15, 2022.

November 24, 2022 / 03:44 PM IST
 
 
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ICICI Direct's research report on Greaves Cotton


Greaves Cotton (GCL) 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).


Outlook


We remain long term positive and retain our BUY rating on the stock. We value Greaves Cotton at Rs 210 on SoTP basis.


For all recommendations report, click here

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Greaves Cotton- 15 -11-2022 - icici
Broker Research
first published: Nov 24, 2022 03:44 pm