Greaves Cotton Sees Surge in Trading Volume Amid Positive Market Momentum

Greaves Cotton Ltd., a prominent player in the Compressors, Pumps & Diesel Engines industry, has emerged as one of the most active equities today, with a total traded volume of 14,742,354 shares and a total traded value of approximately Rs 33.51 crore. The stock opened at Rs 211.1 and reached a day high of Rs 235.8, closing at Rs 234.3, reflecting a slight increase of 0.11% for the day.
The company's performance aligns with sector trends, as it has been gaining traction, with a consecutive gain noted over the last day. Greaves Cotton is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive momentum in its price trajectory. Notably, the delivery volume surged to 79.38 lakh shares on July 31, marking a remarkable increase of 673.2% compared to the 5-day average delivery volume, showcasing rising investor participation.

With a market capitalization of Rs 5,267 crore, Greaves Cotton continues to demonstrate liquidity, supporting trade sizes of Rs 7.18 crore based on 2% of the 5-day average traded value. Overall, the stock's activity today reflects a robust engagement in the market, underscoring its position within the industry.