52-Week High Alert: Vijay Kedia’s Portfolio Multibagger Stock Jumps Over 15 Per Cent With Heavy Volume; Here’s Why
The stock gave multibagger returns of over 130 per cent from its 52-week low of Rs 112.50 per share.
On Tuesday, the stock market ended the day flat with the BSE Sensex Index up 0.03 per cent and the NSE Nifty-50 Index up 0.03 per cent. Along with the market in green, a multibagger Small-Cap stock jumped 15.20 per cent and made a new 52-week high of Rs 264 per share from its previous closing of Rs 229.20 per share. At the closing, the shares of the company ended the day in green, up 7.90 per cent and saw a spurt in volume by more than 2.37 times on BSE.
The buzzing stock name is GREAVES COTTON LIMITED
Greaves Cotton Limited ("Company") announces that its subsidiary, Greaves Electric Mobility Limited (GEML), has filed a Draft Red Herring Prospectus ("DRHP") with the Securities and Exchange Board of India ("SEBI"), BSE Limited, and the National Stock Exchange of India Limited. This filing pertains to GEML's proposed initial public offering (IPO) of equity shares. The IPO comprises a fresh issue of shares aggregating up to Rs 1,000 crore and an offer for sale of up to 51,000,000 shares by Greaves Cotton Limited and up to 138,398,200 shares by Abdul Latif Jameel Green Mobility Solutions DMCC. The successful completion of the IPO remains contingent upon obtaining necessary regulatory approvals, favourable market conditions, and other relevant considerations.
This intimation is being made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 ("SEBI LODR Regulations"). As previously disclosed in earlier intimations dated December 1, 2024 and December 11, 2024, GEML has been exploring the possibility of an IPO. The filing of the DRHP marks a significant step towards realizing this objective. The IPO proceeds from the fresh issue are expected to be utilized for funding the company's growth initiatives, such as expanding its manufacturing capacity, strengthening its distribution network, and investing in research and development.
The DRHP provides detailed information about GEML's business operations, financial performance, management team, and risk factors. Interested investors are encouraged to carefully review the DRHP before making any investment decisions. The Offer for Sale component of the IPO will see the divestment of shares by existing shareholders, including Greaves Cotton Limited and Abdul Latif Jameel Green Mobility Solutions DMCC. The final size of the IPO, the price band, and the dates of the offer will be determined in due course, subject to market conditions and regulatory approvals.
An ace investor, Vijay Kedia via his firm – Kedia Securities Pvt Ltd bought 12,00,000 shares at Rs 208.87 per share aggregating to Rs 25,06,44,000.
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About Greaves Cotton Limited
Greaves Cotton Limited (GCL), also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company with a legacy of 165 years and strong brand trust. Originally renowned for its single-cylinder diesel engines, GCL has transformed into a fuel-agnostic, end-to-end mobility solutions provider, driven by the purpose of touching a billion lives by 2030 and enabling a sustainable transition to green mobility. Guided by its "Empowering Lives” mission, the Company is building a digitally integrated ecosystem that connects consumers, business partners, and service providers across the entire mobility value chain.
Through its five independent business units—Greaves Engineering, Greaves Electric Mobility, Greaves Retail, Greaves Finance and Greaves Technologies—Greaves combines agility with strategic focus, delivering innovation and enhancing accessibility for consumers. With significant investments in technology and human capital, the Company is positioned to lead in India's EV and sustainable mobility markets. The Company remains committed to sustainable growth and economic progress, making it a trusted partner in shaping the future of mobility in India.
The company has a market cap of over Rs 5,700 crore. The stock gave multibagger returns of over 130 per cent from its 52-week low of Rs 112.50 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.