This engineering company stock rallied nearly 150 per cent in just a year!

With more than 500 Greaves Retail Centers and 6300+ smaller spare parts retail outlets across the country, the company has a strong foothold in the domestic markets.

Greaves Cotton Ltd, a diversified engineering company, has turned into a multibagger after it rallied by 142 per cent on the bourses in the last one year.  

The company's stock price jumped from Rs 86.25 on February 8, 2021, to Rs 208.95 on February 7, 2022. It has a 52-week high and low of Rs 258.85 and Rs 85.15, respectively. 

The company manufactures Cleantech Powertrain Solutions (CNG, petrol and diesel engines), generator sets, farm equipment, E-Mobility, aftermarket spares and services.   

In November 2021, the company inaugurated its largest EV production facility in Ranipet, Tamil Nadu. This development is aligned with its Rs 700 crore investment roadmap to enhance its share in the Indian electric vehicle market.  

In Q2FY22, on a consolidated basis, the company's top line went up by 63 per cent sequentially and by 13.4 per cent YoY to Rs 373.51 crore. However, the PAT stood at a loss of Rs 23.29 crore.

The company has a sharp focus on diversifying its product portfolio, which, as per the management, has accelerated growth across all business areas.  

At the closing bell, the share price of Greaves Cotton Ltd was trading at Rs 202.95, which was a decline of 2.87 per cent from the previous day’s closing price of Rs 208.95 on BSE.