Olectra Greentech is currently trading at Rs. 600.00, up by 16.80 points or 2.88% from its previous closing of Rs. 583.20 on the BSE.
The scrip opened at Rs. 585.00 and has touched a high and low of Rs. 612.35 and Rs. 585.00 respectively. So far 21309 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 940.45 on 16-Dec-2021 and a 52 week low of Rs. 169.00 on 11-May-2021.
Last one week high and low of the scrip stood at Rs. 659.30 and Rs. 577.65 respectively. The current market cap of the company is Rs. 4786.95 crore.
The promoters holding in the company stood at 51.62%, while Institutions and Non-Institutions held 9.16% and 39.22% respectively.
Olectra Greentech (OLECTRA) has added 150 more electric buses to its fleet in Pune. Olectra's total fleet of 300 electric buses in Pune is the largest in the segment compared to any city in India. The company is confident of adding another 350 buses to Pune Mahanagar Parivahan Mahamandal (PMPML) in the next few months.
The company has already delivered over 600 electric buses to various state transport undertakings (STUs) and covered more than five crore kilometres on Indian roads. Olectra is the first to introduce 7, 9, and 12-metre electric AC buses in India. Currently, it has an order for 1,523 electric buses from various STUs. It is planning to enter into an inter-city / inter-state private transport segment and staff transportation segment in private sector. It is the only manufacturer of tarmac electric buses in airports.
With a growing demand for electric buses from STUs and the private sector, the company has planned a massive expansion. It acquired 150 acres from the Government of Telangana to establish a state-of-the-art, fully-automated robotic manufacturing plant. The Olectra plans to manufacture 10,000 buses per year with the expanded capacity. The company has major plans to expand its product line by launching trucks, LCVs, three-wheelers and other EV products.
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
| Company Name | CMP |
|---|---|
| Tata Motors | 724.00 |
| Ashok Leyland | 217.20 |
| Force Motors | 6696.20 |
| Olectra Greentech | 1474.00 |
| SML Isuzu | 1451.45 |
| View more.. | |
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