Greaves Cotton surged 9% with a volume over ten fold, Signs long term agreement with Atul Auto to the supply for Diesel engine, Latest Stock Price
The company has entered into a long-term supply agreement with Atul Auto for the supply of diesel engines
Greaves Cotton has surged 9% to Rs 67 on back of over ten-fold jump in trading volumes. As many as a combined 3.33 million shares have already changed hands on the counter till noon deals, against an average around 200,000 shares that were traded daily in past two weeks. The stock opened at Rs 60.50 and hit a high of Rs 67.40 on the National Stock Exchange.
“This is a long term agreement which is signed for a seven year period and will come into effect immediately,” Greaves Cotton said in a filing.
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