{"id":108670,"date":"2023-08-31T16:52:45","date_gmt":"2023-08-31T11:22:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108670"},"modified":"2023-08-31T16:52:47","modified_gmt":"2023-08-31T11:22:47","slug":"ev-stock-jumps-5-after-company-ties-up-with-ev-maker-enigma-automobiles","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-jumps-5-after-company-ties-up-with-ev-maker-enigma-automobiles\/","title":{"rendered":"EV stock jumps 5% after company ties up with EV maker Enigma\u00a0automobiles"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3316567100\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of India\u2019s leading player in the Electric Vehicle technology industry gained 5 percent to Rs 151 apiece after the company announced a tie-up with EV maker Enigma Automobiles Private Limited.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1478570776\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 3:25 p.m., On the exchange, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GREAVESCOT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Greaves Cotton Ltd<\/a><\/strong> shares were trading at Rs 150.70 per share, up 4.61 percent from the previous close price. The company has a market capitalization of Rs 3,492 crore.\u00a0<\/p><p>According to the company\u2019s exchange filing, Enigma Automobiles Private Limited, an electric vehicle (EV) manufacturer, has signed a strategic partnership with Greaves Retail, an AutoEVmart, the retail and distribution unit of Greaves Cotton Ltd.&nbsp;<\/p><p>Through this partnership, Greaves Retail will offer sales, service, and spare parts support to Enigma Automobiles, and Collaboration will accelerate Enigma Automobile&#8217;s Electric two-wheeler sales and distribution.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1712638696\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Greaves Cotton\u2019s profitability ratios increased in the most recent fiscal year, with a return on equity of 4.91 percent and a return on capital employed of 7.15 percent. Similarly, the net profit margin of the corporation has climbed to 2.83 percent.&nbsp;<\/p><p>The company\u2019s revenue has declined by 14 percent year on year, from Rs 660 crore in Q1FY23 to Rs 568 crore in Q1FY24. During the same period, Net profit has significantly reduced from Rs 18 crore to a loss of Rs 24 crore.&nbsp;<\/p><p>According to the recent shareholding pattern, the promoters hold 55.87 percent of the company, while retail investors hold 35.51 percent.&nbsp;<\/p><p>Greaves Cotton Ltd. (GCL), is an engineering company engaged in the manufacturing of diesel and petrol engines, gen-sets, agro equipment, aero engines, and construction equipment.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2775378914\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of India\u2019s leading player in the Electric Vehicle technology industry gained 5 percent to Rs 151 apiece after the company announced a tie-up with EV maker Enigma Automobiles Private Limited.&nbsp; At 3:25 p.m., On the exchange, Greaves Cotton Ltd shares were trading at Rs 150.70 per share, up 4.61 percent from the previous close [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2961,8455,6282,11565,948,936,11566],"class_list":["post-108670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ev-stock-news","tag-ev-stocks-india","tag-greaves-cotton-limited-latest-news","tag-greaves-cotton-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-greaves-cotton-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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