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Greaves Cotton share price: Stock jumps almost 11% despite 81% fall in Q2 profit: What's fuelling rally? Buy or sell?

Covered by 2 outlets ·First reported ·Updated
NDTV ProfitGreaves Cotton share price: Stock jumps almost 11% despite 81% fall in Q2 profit: What's fuelling rally? Buy or sell?
Image: Mint

Greaves Cotton shares rose as much as 11.6% after the company reported 44.2% year-on-year revenue growth in the September quarter. Net profit fell 81% to ₹5 crore, partly due to exceptional expenses of ₹32.75 crore. EBITDA increased 41% to ₹74 crore.

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