Greaves Cotton share price settled higher on Wednesday on multifold jump in net profit.
Stocks to Watch, 11 Apr: Stocks like TARC, Bharti Hexacom, Infosys, Aurobindo Pharma, Bharat Heavy Electricals, Bank of India, Tata Steel, Sanofi India, Punjab National Bank, Axiscades Technologies, JSW Energy, Eternal, Federal Bank, Bajaj Healthcare, SRF, Samvardhana Motherson International, IIFL Finance, and Northern Arc Capital will be in focus on April 11.
Stocks To Watch, Jan 28: Stocks like Emami, Piramal Enterprises, Prudent Corporate Advisory Services, Updater Services, Railtel Corporation of India, Union Bank Of India, Prataap Snacks, Mahindra Logistics, Petronet LNG, Maharashtra Seamless, Aditya Birla Sun Life AMC, Tata Power Company, and Sammaan Capital will be in focus on January 28.
Stocks to Watch, Jan 24: Stocks like Adani Green Energy, KFin Technologies, Mphasis, Mankind Pharma, Suryoday Small Finance Bank, Tejas Networks, Capri Global Capital, Ujjivan Small Finance Bank, Hindustan Petroleum Corporation, Nippon Life India Asset Management, Indian Energy Exchange, and Spandana Sphoorty Financial will be in focus on January 24.
Greaves Cotton has a market capitalisation of over Rs 7,200 crore, and the shares have doubled in 2024. Greaves Cotton is transitioning from a traditional engine company to a fuel-agnostic mobility solutions provider, with multiple revenue streams.
Expectations of a Santa rally for Indian markets fizzled out as the benchmarks gave up early gains to end on a weak note on December 24.
Greaves Cotton's board approved the initial public offering of its EV arm--GEML, earlier this month, sparking an over 45 percent rally in shares of the company.
The acquisition of Greaves Cotton by Kedia comes ahead of the proposed listing of its electric vehicle arm.
The market is expected to maintain an upward bias amid likely consolidation, with a focus on the outcome of the RBI monetary policy meeting. Below are some trading ideas for the near term.
Stocks like Tata Motors, Eicher Motors, TVS Motor Company, Biocon, Cochin Shipyard, KEC International, RBL Bank, Bajaj Finance, GP Petroleums, Lemon Tree Hotels, Bharat Petroleum Corporation, and ONGC will also be in focus on December 2.
Greaves Electric Mobility IPO will consist of fresh issue of equity shares and an offer-for-sale of equity shares by certain existing and eligible shareholders.
To be sure, OEMs which are yet to repay the government, have contested the government’s claims and some of them have already taken legal recourse to resolve the issue.
The Nifty 50 may march towards 24,500 if it holds 24,200, with support at 24,000. Here are some trading ideas for the near term.