Greaves Cotton Ltd.

NSE: GREAVESCOT | BSE: 501455 | ISIN: INE224A01026 | Industry: Auto Parts & Equipment
| Expensive Performer

193.81
-2.89%
ICICI Securities Limited
Auto volumes likely to stay sluggish due to slowdown in FY21E In Q2Y21, GCL's auto engine volume (3-W/4-W) fell 72% YoY to 19234 units, impacted by BS-VI norms, 3-W, 4-W auto slowdown amid pandemic. On the other hand, others engine segment supported with volume growth of 27% YoY to 12216 units. Overall engine volumes de-grew 59% YoY. On non-auto side, power genset volumes fell 41% YoY to 558 units. Overall agriculture (pumpset, power tiller, other) volumes fell 42% YoY to 10028 units. GCL may have to take a price hike of 35-45% for BS-VI compliant engines leading to...
Greaves Cotton Ltd. has lost -26.97% in the last 3 Months
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