DSIJ Mindshare

Greaves Cotton limited, one of India's leading engineering companies, reported revenue growth for H1 FY19 at 11% to Rs. 953 crore as against Rs. 859 crore in H1 FY18. EBITDA for half year ended September 30th, 2018 grew by 9% to Rs. 134 crore as against Rs. 123 crore in the corresponding H11ast year. 

The board of directors have approved the buyback of shares through the open market mechanism to the extent of Rs. 35 crores at a maximum price of Rs. 1,150 per share. Also, it has declared an interim dividend of Rs. 4 per equity share of Rs. 10 each.

In the recently concluded month, Sensex gave a negative return of almost 5 per cent. October is seen by investors as a bad month because some of the worst stock market crashes have occurred in the month of October. However, our study finds otherwise.

The share of Milk Products for Q2FY19 is 68.6 per cent of total revenue, while that of Liquid milk was 18.4 per cent and the same for skimmed milk powder was 11.6 per cent.

The stocks that are most likely to witness movement on the bourses on November 2 are Tata Motors, NCC, TVS Motors, Bajaj Electricals and Atul Auto.