HIL has surpassed the crucial resistance of its 50-day EMA (Rs 2,730). It has also confirmed higher top and higher bottom formation on the daily chart. Price has been rising with healthy volumes.

In the commercial three-wheeler segment, the company unveiled an electric passenger vehicle Greaves ELP, cargo EV Greaves ELC and a futuristic cargo concept Greaves Aero Vision.

The company at the event unveiled three two-wheelers under Ampere brand series -- Ampere Primus, Ampere NXG and a multi-utility scooter Ampere NXU which can be also used for deliveries.

Sharekhan is bullish on Greaves Cotton has recommended buy rating on the stock with a target price of Rs 183 in its research report dated December 27, 2022.

The stock trades at a P/E multiple of 21.2x and EV/EBITDA multiple of 9.1x its FY2024E estimates.

ICICI Direct is bullish on Greaves Cotton recommended buy rating on the stock with a target price of Rs 210 in its research report dated November 15, 2022.

Sharekhan is bullish on Greaves Cotton has recommended buy rating on the stock with a target price of Rs 212 in its research report dated August 29, 2022.

BofA Securities maintained buy rating on Sun Pharma with a target price of Rs 1030. The stock closed at Rs 879 on 26 August. There is some scepticism in llumya ramp-up despite upside risk, the investment bank said. It is a buy on earnings support from the specialty sector, said the note.

"The broader market indices are expected to catch up with benchmarks as Nifty Midcap and Nifty Smallcap indices have given a breakout from an eight-month falling channel along with a strong thrust on breadth as measured by the percentage of stocks above 200 DMA increasing sequentially from the June reading of 14% to 50% currently, suggesting broad-based participation that augurs well for the longevity of uptrend."

This confluence of extreme weather events brought on by climate change has sent cotton prices soaring by as much as 30%. Earlier this year, they touched the highest level since 2011, squeezing the margins of clothing suppliers around the world and threatening to raise the costs of everything from t-shirts, to diapers, to paper and cardboard.

Arihant Capital is bullish on Greaves Cotton has recommended buy rating on the stock with a target price of Rs 215 in its research report dated August 16, 2022.

Sharekhan is bullish on Greaves Cotton has recommended buy rating on the stock with a target price of Rs 196 in its research report dated August 12, 2022.

The Saudi Arabia-based family-owned diversified business Abdul Latif Jameel, which has presence across 30-odd countries, announced in June this year its commitment to invest USD 220-million in the Cotton Greaves' subsidiary. As part of the deal, it has initially invested USD 150-million (Rs 1,171-crore) for a 35.80 per cent stake in Greaves Electric Mobility.

ICICI Direct is bullish on Greaves Cotton has recommended buy rating on the stock with a target price of Rs 210 in its research report dated August 12, 2022.

Greaves Cotton on Thursday reported a consolidated Profit After Tax (PAT) of Rs 15.94 crore in the April-June quarter of FY23. The company had posted a loss of Rs 22.48 crore in the corresponding period of the previous fiscal.

"The company has allotted 68,35,450 equity shares of face value Rs 10 each representing 35.80 per cent shareholding in the company on a fully diluted basis, to Abdul Latif Jameel, by way of preferential allotment through private placement basis for a share subscription consideration of Rs 1,171 crores (USD 150 million)," the company said in a late evening statement on Thursday.

The reasons are simple - there are tens of small EV makers in India in the two-wheeler, three-wheeler and bicycle segments, most of whom have neither the volumes nor the brand recall to sustain exclusive showrooms. With multi-brand showrooms, sales are higher than in single-brand showrooms, ensuring better sustainability of operations for the dealer.​

Sharekhan is bullish on Greaves Cotton has recommended buy rating on the stock with a target price of Rs 196 in its research report dated June 03, 2022.

The deal values the remaining 64.2% stake of Greaves Cotton in GEM at Rs 2,398 crore. It forms two-third of Greaves Cottons market capitalization of Rs 3700 crore a day before the deal announcement.

India is currently the world's fourth-largest automotive market where the share of EVs in the two-wheeler and three-wheeler segments are expected to increase significantly, the company said. The company, which offers e-two and three-wheelers in the market, sold 62,000 vehicles, growing at 128 per cent year-on-year, in fiscal 2021-22. Currently, Greaves Electric Mobility manufactures e-two-wheelers under the brand name of Ampere Vehicles and three-wheeler vehicles (e-auto and e-rickshaw) under the mobility brands Ele and Teja, respectively.

Arihant Capital recommended accumulate rating on Greaves Cotton with a target price of Rs 160 in its research report dated May 16, 2022.

Sharekhan is bullish on Greaves Cotton has recommended buy rating on the stock with a target price of Rs 178 in its research report dated May 13, 2022.

ICICI Direct is bullish on Greaves Cotton has recommended buy rating on the stock with a target price of Rs 180 in its research report dated May 13, 2022.

Some of the stocks that have been included in the smallcap index include Aptus Value HSG Finance, Bharat Dynamics, Easy Trip Planners, Go Fashions India, Greaves Cotton, Greenpanel Industries and Gujarat Alkalies, among others.

Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

Net Sales are expected to decrease by 3.4 percent Y-o-Y (up 46.8 percent Q-o-Q) to Rs. 441.2 crore, according to ICICI Direct.