The key equity indices traded with minor gains in afternoon trade. The Nifty traded above the 23,750 mark. Oil & gas, auto and FMCG shares advanced while PSU Bank, metal and media shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex, was up 116.66 points or 0.15% to 78,656.22. The Nifty 50 index added 32.75 points or 0.14% to 23,786.20. In the broader market, the S&P BSE Mid-Cap index added 0.03% and the S&P BSE Small-Cap index rose 0.19%. The market breadth was positive. On the BSE, 2,098 shares rose and 1,827 shares fell. A total of 104 shares were unchanged. Buzzing Index: The Nifty Pharma index gained 0.27% to 22,632.85. The index rose 0.58% in two consecutive trading sessions. Biocon (up 4.35%), Granules India (up 3.29%), Dr Reddys Laboratories (up 1.63%), Laurus Labs (up 0.99%) and Aurobindo Pharma (up 0.7%) were the top gainers. Among the other gainers were Lupin (up 0.65%), Sun Pharmaceuticals Industries (up 0.33%), Ipca Laboratories (up 0.23%), Gland Pharma (up 0.13%) advanced. Stocks in Spotlight: Greaves Cotton surged 10.45% after the company's material subsidiary, Greaves Electric Mobility (GEML) has filed a draft red herring prospectus (DRHP) with regulatory organisations in connection with its initial public offering. Vraj Iron And Steel rallied 3.86% after the company successfully commenced commercial operation of sponge iron plant on 23 December 2024 of expansion project located at Dighoia, Bilaspur in Chhattisgarh. Zaggle Prepaid Ocean Services rose 0.94%. The company announced that it has raised Rs 594.84 crore through qualified institutional placement (QIP) at Rs 523.20 per share. Punjab Chemicals and Crop Protection fell 1.82% after firm said Ashish R Nayak, chief financial officer (CFO) & vice president finance and accounts, has tendered his resignation from the services of the company due to personal reasons. Dr Reddy's Laboratories advanced 1.60% after the company announced that its wholly-owned subsidiary Dr Reddy's Laboratories SA, Switzerland, (DRSA) has incorporated a new wholly-owned subsidiary (WOS) in Finland, named 'Dr Reddy's Finland Oy'. Whirlpool of India added 2.31% while PG Electroplast (PGEL) rallied 3.54% after the company has signed definitive agreement with PG Electroplast for contract manufacturing select models of whirlpool branded semi-automatic washing machines. Global Markets: European and Asian stocks advanced on Tuesday, buoyed by gains in technology shares that mirrored their U.S. counterparts. However, trading volumes remained thin ahead of the Christmas holiday. Markets awaited further clarity on Beijing's plans for stimulus measures in the upcoming year. Recent reports indicated that China will increase fiscal spending to bolster economic growth. Regional markets drew positive signals from Wall Street, which closed higher on Monday as technology stocks partially recovered from last week's steep declines. On Monday, the S&P 500 gained 0.7% to 5,974.07 points, the Dow Jones Industrial Average rose 0.2% to 42,906.65, and the NASDAQ Composite climbed 1% to 19,764.89 points. Broadcom Inc surged 5.5% as investors continued to acquire shares of the chipmaker following its strong quarterly results and optimistic guidance released earlier this month. Qualcomm Inc stock rose more than 3% after a jury ruled that its central processors are properly licensed under an agreement with UK-based Arm Holdings. Wall Street will have a shortened trading session on Tuesday, as will most Asian markets.Powered by Capital Market - Live

The key equity indices pared most of the gains and traded with small gains in early afternoon trade. The Nifty traded below the 23,800 mark after hitting day's high of 23,867.65 in mid morning trade. FMCG shares extended gains for the second consecutive trading session. At 12:27 IST, the barometer index, the S&P BSE Sensex, was up 75.09 points or 0.10% to 78,615.26. The Nifty 50 index added 20.20 points or 0.09% to 23,773.65. In the broader market, the S&P BSE Mid-Cap index added 0.03% and the S&P BSE Small-Cap index rose 0.19%. The market breadth was positive. On the BSE, 2,026 shares rose and 1,825 shares fell. A total of 128 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 1.84% to 13.27. The Nifty 26 December 2024 futures were trading at 23,795, at a premium of 21.35 points as compared with the spot at 23,773.65. The Nifty option chain for the 26 December 2024 expiry showed a maximum call OI of 136.6 lakh contracts at the 24,000 strike price. Maximum put OI of 109.7 lakh contracts was seen at 23,500 strike price. Buzzing Index: The Nifty FMCG index gained 0.70% to 56,529.95. The index rose 1.67% in two consecutive trading sessions. United Breweries (up 2.01%), Britannia Industries (up 1.14%), Colgate-Palmolive (India) (up 1.13%), Nestle India (up 0.98%), ITC (up 0.95%), United Spirits (up 0.94%), Radico Khaitan (up 0.73%), Tata Consumer Products (up 0.7%), Hindustan Unilever (up 0.67%) and Godrej Consumer Products (up 0.46%) advanced. Stocks in Spotlight: Greaves Cotton surged 10.45% after the company's material subsidiary, Greaves Electric Mobility (GEML) has filed a draft red herring prospectus (DRHP) with regulatory organisations in connection with its initial public offering. Vraj Iron And Steel rallied 3.86% after the company successfully commenced commercial operation of sponge iron plant on 23 December 2024 of expansion project located at Dighoia, Bilaspur in Chhattisgarh. Zaggle Prepaid Ocean Services rose 0.94%. The company announced that it has raised Rs 594.84 crore through qualified institutional placement (QIP) at Rs 523.20 per share. Powered by Capital Market - Live

The company has filed DRHP with Securities and Exchange Board of India (SEBI), Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). The company will issue fresh equity shares aggregating upto Rs 1,000 crore and offer for sale (OFS) up to 5,10,00,000 equity shares and 13,83,98,200 equity shares by Abdul Latif Jameel Green Mobility Solutions DMCC. Greaves Cotton is a multi-product and multi-location engineering company. The company is a leading name in fuel agnostic powertrain solutions, e-mobility, aftermarket & retail. The company reported a consolidated net loss of Rs 14.33 crore in Q2 FY25 as against a net loss of Rs 379.59 crore posted in Q2 FY24. Income from operations fell by 3% YoY to Rs 705 crore during the quarter.Powered by Capital Market - Live

Greaves Retail, a division of Greaves Cotton, announced the launch of its new range of high-performance electrified light construction equipment at bauma CONEXPO India 2024. With sustainability at the forefront, this new range of equipment integrates cutting-edge electrification technologies to deliver zero-emission solutions, enhancing performance while lowering operational costs. This strategic move into the Construction Equipment Sector underscores Company's commitment to delivering innovative, reliable solutions that prioritise environmental responsibility and sustainability. The newly introduced lineup includes: The Mini Excavator range from 2 Ton to 4 Ton category, equipped with a powerful Kubota engine, delivers superior performance with higher digging forces, making it perfect for heavy-duty excavation in challenging conditions. The Electric Boom Lift provides exceptional reach with a platform height of 13.8 meter and a horizontal outreach of 7.81 meter, designed to navigate tight spaces and urban environments with ease. Its compact design and intelligent self-diagnostic system ensure high performance. The machine comes with zero maintenance lead acid battery or lithium battery as options. Excel Controlinkage, a subsidiary of Greaves Cotton, also showcased its advanced engineering capabilities at the bauma CONEXPO India. The display featured a wide range of products, including high-performance gear shift levers, cables, rod shift lever, throttle control and parking brake levers for commercial vehicles and construction equipment. Excel caters to various domestic and international original equipment manufacturers. The exhibit also showcased a wide range of metal bonded rubber products for heavy commercial vehicles and construction equipment application, all engineered for durability and efficiency in demanding environments.  Powered by Capital Market - Live

Greaves Cotton is a multi-product and multi-location engineering company. The company is a leading name in fuel agnostic powertrain solutions, e-mobility, aftermarket & retail. The company reported a consolidated net loss of Rs 14.33 crore in Q2 FY25 as against a net loss of Rs 379.59 crore posted in Q2 FY24. Income from operations fell by 3% YoY to Rs 705 crore during the quarter. Powered by Capital Market - Live

Raymond Ltd, Varroc Engineering Ltd, ITI Ltd and Greenpanel Industries Ltd are among the other gainers in the BSE's 'A' group today, 10 December 2024.Greaves Cotton Ltd surged 14.10% to Rs 243.5 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 17.02 lakh shares were traded on the counter so far as against the average daily volumes of 2.22 lakh shares in the past one month. Raymond Ltd spiked 10.96% to Rs 1789. The stock was the second biggest gainer in 'A' group. On the BSE, 1.52 lakh shares were traded on the counter so far as against the average daily volumes of 26339 shares in the past one month. Varroc Engineering Ltd soared 10.91% to Rs 593.5. The stock was the third biggest gainer in 'A' group. On the BSE, 1.99 lakh shares were traded on the counter so far as against the average daily volumes of 6925 shares in the past one month. ITI Ltd rose 7.63% to Rs 397.1. The stock was the fourth biggest gainer in 'A' group. On the BSE, 23.52 lakh shares were traded on the counter so far as against the average daily volumes of 10.18 lakh shares in the past one month. Greenpanel Industries Ltd gained 7.08% to Rs 373.7. The stock was the fifth biggest gainer in 'A' group. On the BSE, 18409 shares were traded on the counter so far as against the average daily volumes of 10017 shares in the past one month. Powered by Capital Market - Live

Income from operations fell by 3% YoY to Rs 705 crore during the quarter. While EBITDA declined by 50% YoY to Rs 23 crore, EBITDA margin fell by 300 basis points YoY to 3.3% in the second quarter. Operating profit before tax in Q2 FY25 stood at Rs 6 crore, down by 85% from Rs 40 crore in Q2 FY24. Akhila Balachandar, chief financial officer, Greaves Cotton, said: Our Q2 FY25 results underscore the robustness of our diversification strategy and the momentum we are building across our businesses. Our performance in Retail, Engineering, and Excel, alongside the promising growth in Electric Mobility, reflects our agile approach to meeting diverse market demands. Our fuel-agnostic strategy continues to expand our reach and adaptability, reinforcing our confidence in the path we've charted. This momentum reaffirms our commitment to delivering consistent value for our stakeholders.' Greaves Cotton is a multi-product and multi-location engineering company. The company is a leading name in fuel agnostic powertrain solutions, e-mobility, aftermarket & retail. Powered by Capital Market - Live

Net profit of Greaves Cotton reported to Rs 3.22 crore in the quarter ended September 2024 as against net loss of Rs 190.78 crore during the previous quarter ended September 2023. Sales declined 2.94% to Rs 705.31 crore in the quarter ended September 2024 as against Rs 726.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales705.31726.69 -3 OPM %3.276.32 - PBDT32.5459.13 -45 PBT6.1139.98 -85 NP3.22-190.78 LP Powered by Capital Market - Live

Greaves Cotton will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

Greaves Cotton will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live