Greaves Cotton: Picking up steam
Apart from volume growth in key segments, higher prices should aid this engine maker
Improved realisations from the new BS-IV compliant engines, sanguine outlook for the farm equipment division and the company’s efforts to shore up its higher margin after-market business make the stock of Greaves Cotton (GCL) attractive. The company is mainly in the business of manufacturing diesel engines for auto rickshaws, three-wheeled goods trucks and four-wheeled mini trucks such as the Ace,...
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