Greaves Cotton Signs Pact with Pinnacle Engines; Climbs Over 4%
DSIJ Intelligence / 14 Jun 2017
Greaves Cotton Ltd. is an Indian engineering company that manufactures engines and heavy equipment.The company has recently signed pact with Pinnacle Engines to grant license for manufacturing & sale of internal combustion engines.
Greaves Cotton Ltd. is an Indian engineering company that manufactures engines and heavy equipment.The company has recently signed pact with Pinnacle Engines to grant license for manufacturing & sale of internal combustion engines.
Greaves Cotton Limited has hit its record intraday high of Rs 164.95 per share, higher by around 4.73% in the morning hour on Tuesday.
The company’s net profit for the quarter ended March 31, 2017 increased by around 6% on Q-o-Q basis to Rs 46.76 Cr. It provides good dividend yield of 3.49% and has been maintaining healthy dividend payout of 57.73% and is virtually debt free.
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