The Greaves Cotton share price has been a topic of keen interest for investors, given the company’s strategic shift towards electric mobility and clean energy solutions. In this comprehensive guide, we analyze the current share price, historical trends, key financials, and future growth prospects to help you make informed investment decisions.
Greaves Cotton Share Price Today (Live Update)
- Current Price (NSE): ₹180.50 (as of May 28, 2024)
- Day’s Range: ₹178.20 – ₹182.75
- 52-Week High/Low: ₹210 / ₹135
- Market Cap: ₹3,150 Cr
Data Source: NSE India
Recent Performance & Key Trends
1. Short-Term Movement (Last 3 Months)
- +12% growth (Feb-April 2024) due to strong Q4 results
- -5% correction in May 2024 amid profit-booking
2. Long-Term Trend (1 Year)
- +25% growth (May 2023–May 2024)
- Peak at ₹210 in Jan 2024 (post Ampere EV spin-off news)
3. Key Triggers Impacting Share Price
✔ EV Business Expansion (Ampere Electric growth)
✔ Diesel Engine Segment Decline (Shift to cleaner tech)
✔ Government Subsidies (FAME III expectations)
Financial Health & Fundamentals
| Metric | Value | Analysis |
|---|---|---|
| P/E Ratio | 28.5 | Higher than industry avg. (22) |
| Debt-to-Equity | 0.15 | Low risk |
| ROE | 9.2% | Moderate profitability |
| Dividend Yield | 1.1% | Lower than peers |
Expert Price Targets for 2024-25
| Brokerage | Rating | Target Price |
|---|---|---|
| Motilal Oswal | Buy | ₹220 |
| ICICI Direct | Hold | ₹195 |
| HDFC Sec | Sell | ₹165 |
Should You Buy, Hold, or Sell Greaves Cotton Shares?
Bullish Factors
✅ EV Growth Potential (Ampere sales up 42% YoY)
✅ Government’s Green Energy Push
✅ Strong Cash Reserves (₹850 Cr)
Bearish Risks
❌ Declining Diesel Engine Demand
❌ High Valuation (P/E 28.5)
❌ Competition from Tata & Ola Electric
FAQs: Greaves Cotton Share Price
Q1: Why did Greaves Cotton shares drop recently?
Profit-booking after Q4 results + slowdown in diesel genset orders.
Q2: Is Greaves Cotton a good long-term investment?
Yes, if you believe in their EV transition, but risky short-term.
Q3: Does Greaves Cotton pay dividends?
Yes, ₹2/share in 2023 (1.1% yield).
Q4: What’s the next resistance level?
₹195 (breakout could lead to ₹210).
Q5: How does Ampere Electric affect the share price?
Ampere contributes 18% revenue—growth here lifts valuations.
How to Invest in Greaves Cotton Shares
- Open a Demat Account (Zerodha, Groww)
- Research (Check Q1 2025 results on June 15)
- Buy via NSE/BSE (Symbol: GREAVESCOT)
Future Outlook & Key Dates
- Next Earnings: June 15, 2024
- FAME III Announcement: Potential catalyst (July 2024)
- Ampere IPO Rumors: Could unlock value (2025)
Conclusion: Wait for a Dip Below ₹175?
While Greaves Cotton’s EV shift is promising, current valuations seem stretched. Conservative investors should wait for a pullback to ₹170-175 levels.
Track Live Price:
Disclaimer: This is not investment advice. Do your own research.