GREAVESCOT Greaves Cotton is making headlines today (10 July 2026)
Greaves Cotton is making headlines today (10 July 2026) after announcing a ₹331.12 crore capital infusion into its electric‑vehicle arm, Greaves Electric Mobility Private Limited (GEMPL), via a rights issue — a move that pushed its stock up 2.38 % to ₹242.95 and marked a fresh 52‑week high of ₹245.5. ⚙️ Corporate & Financial Highlights Capital Infusion: ₹331.12 crore invested through a rights issue in GEMPL. Purpose: accelerate R&D for high‑speed EVs and expand the three‑wheeler (L5) segment. Greaves retains 100 % rights entitlement, ensuring full control over capital allocation. Strategic Pivot: Transitioning from a legacy engine manufacturer to a clean‑tech leader. Focused on Ampere electric scooters, which crossed 4 lakh units sold. Preparing GEMPL for a ₹1,000 crore IPO later this fiscal year. Dividend & FY26 Results: Recommended ₹2 per share dividend (100 %). Revenue: ₹2,365 crore (+18.9 % YoY). PAT: ₹200 crore (+7.5 % YoY). EBITDA margin: improved to 14 %. 📈 Market Performance (10 July 2026) Metric Value Trend Share Price ₹242.95 ▲ +2.38 % 52‑Week High ₹245.5 New peak Market Cap ₹5,600 crore (approx.) Rising Trading Bias Bullish Above all key moving averages Sector Outlook EV, Auto Components Overweight Analyst View: The ₹331 crore infusion strengthens GEMPL’s balance sheet and signals institutional confidence in Greaves’ EV pivot. Technical indicators show bullish momentum, supported by strong fundamentals and sector re‑rating potential. 🔋 Strategic Context ***** aims to become a fuel‑agnostic engineering enterprise. Subsidiary Expansion: Acquired 80 % stake in Excel Controlinkage. Approved ₹22 crore investment in Greaves Finance Ltd, which now has ₹500 crore AUM. EV Market Share: Ampere holds 4.3 % of India’s electric two‑wheeler market, growing 49 % YoY.
