InvestorQ : What is your view on Greaves Cotton? I bought the stock around Rs.150 levels and it is slightly higher. Would recommend more buying?
swati Bakhda made post

What is your view on Greaves Cotton? I bought the stock around Rs.150 levels and it is slightly higher. Would recommend more buying?

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diksha shah answered.
4 months ago
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Greaves Cotton, once a popular manufacturers of internal combustion engines, has forayed into the electrical vehicles. IT not only manufactures its own EVs but also has an elaborate marketing and retail set up. This could be one stock to play on the positive side considering that the stock has been improving performance on the EV front in last few months. You have bought the stock at a fairly attractive price, so not much for you to worry.

In a way, greaves Cotton is positioned in the right place at the right time. You can hold the stock with an upside target of over Rs.200 in the short to medium term. The company has aggressive plans to expand its franchise in the electrical 2-wheeler segment and this is a segment that is seeing a lot of value creation, even within the auto segment.

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