Budget 2023 pick: This Rs 150 share can yield up to 40% return - check price target

Budget Pick 2023: Market expert Ambareesh Baliga on Monday, January 30, recommended shares of Greaves Cotton to Zee Business viewers for bumper gains. The stock was recommended in a special segment 'Budget 2023- My Pick' aired on Zee Business.

Greaves Cotton

It is a diversified engineering company that manufactures Cleantech Powertrain Solutions(CNG, Petrol and Diesel Engines), generator sets, farm equipment, e-mobility, aftermarket spares and services.

Ambareesh said that the company has taken its entry into the EV sector. The company has enough funds for growth. Well know Saudi group- Abdul Latif Jameel (ALJ) has also invested in the EV arm.

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He said that the new business revenue share has reached 50 per cent and is fast growing.  

He added that the expected EPS for FY24 is nearly Rs 7.

Greaves Cotton Share Price Target: Rs 196

Duration: 1 Year

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