Olectra Greentech touches roof on acquiring 34% stake in Evey Trans

09 Mar 2022 Evaluate

Olectra Greentech is currently trading at its upper circuit limit of Rs. 629.50, up by 29.95 points or 5.00% from its previous closing of Rs. 599.55 on the BSE.

The scrip opened at Rs. 608.00 and has touched a high and low of Rs. 629.50 and Rs. 603.35 respectively. So far 42767 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. 565.00 respectively. The current market cap of the company is Rs. 5166.98 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 has acquired 3,400 equity shares (34% stake) of Rs 10 each in Evey Trans (MHS) which is registered with the Registrar of Companies, Hyderabad. The Associate Company will be into the business of owning, operating and/ or leasing of Electric Vehicles (specifically for one of the contracts awarded to the Consortium (where the Company and EVEY were members) as Special Purpose Vehicle in terms of the tender conditions).

Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.

Olectra Greentech Share Price

1474.00 -32.80 (-2.18%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
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Olectra Greentech 1474.00
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