Greaves Cotton, the manufacturer of widest variety of agricultural Equipment In India, witnessed a rise in share price on Tuesday after the company announced its foray into multi brand spares business, an extension to its after-market services.

The engineering major, with a strong presence in the after-market services with a network of over 3,000 outlets spread across the country will provide a complete range of multi brand spares across categories like: engine, transmission, electrical, rubber parts, lubricants and body parts. The company, will initially, offer fast-moving vehicle and engine spare parts through its strong retail network.

Shares of Greaves Cotton  are trading at Rs 144.30, up Rs 6.1, or 4.41%  at the Bombay Stock Exchange (BSE) on Tuesday at 12:43 p.m.

The scrip has touched an intra-day high of Rs 145.90 and low of Rs 141.10. The total volume of shares traded at the BSE is 139,534.