1 Smallcap and 1 Largecap Stock for Long Term – Investing.com India

1 Smallcap and 1 Largecap Stock for Long Term – Investing.com India

Indian equity markets continued their forward march on August 30, with benchmark indices creating new highs. The surged 1.36% or 765.04 points, closing at an all-time high of 56,889.76. NSE gained 1.35% or 225.85 points settling at 16,931.05. The breakout formation hints at a likely continuation of the current upward trend in the near term. Among key sectors, pharma, PSU bank, metal gained 2% each. Along with the broad-based market, BSE midcap and smallcap indices too soared 1.5% each. In this bulls' celebration, two stocks caught our attention. One is a smallcap manufacturing/engineering company, and the other is a large-cap FMCG.

1. Greaves Cotton (NS:) Ltd

Greaves Cotton Limited is a diversified engineering company. It manufactures Cleantech Powertrain solutions (CNG, petrol, and diesel engines), generator sets, farm equipment, e-mobility, aftermarket spares & services. Greaves has a unique positioning in the last mile mobility ecosystem. GCL is a multi-product and multi-location company with a vintage of over 162 years. The company's network consists of 500-plus Greaves retail centres and more than 6,500 smaller spare parts retail outlets across India.

What is noteworthy is the transformation of GCL in terms of the business portfolio. From an auto engine manufacturer in FY2016, Greaves