Greaves is one of the leading diversified engineering companies with presence in Automotive, Non-Automotive, Aftermarket, Retail , Electric mobility solutions & Finance. It is involved in the business activities of Manufacture of engines and turbines, except aircraft, vehicle and cycle engines.
The Company revenue is continuously growing form last few quarters. Return on Equity of 16% is good.
Stocks volume has grown significantly which is highest in its lifetime. The Stock it seems is ready for a new lifetime high with technical charts & indicators also showing positive sign. The stock is ready to break out with a cup and handle pattern which is widely accepted pattern and has high accuracy.
Accumulate at these levels with SL at 125. Target 180-200