Olectra Greentech is currently trading at Rs. 471.20, up by 69.15 points or 17.20% from its previous closing of Rs. 402.05 on the BSE.
The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 477.00 and Rs. 425.55 respectively. So far 195482 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 739.40 on 06-Apr-2022 and a 52 week low of Rs. 374.35 on 23-Feb-2023.
Last one week high and low of the scrip stood at Rs. 477.00 and Rs. 374.35 respectively. The current market cap of the company is Rs. 3870.11 crore.
The promoters holding in the company stood at 50.02%, while Institutions and Non-Institutions held 9.53% and 40.45% respectively.
Olectra Greentech has unveiled its Hydrogen Bus in technical partnership with Reliance. The Hydrogen bus is a fully carbon-free alternative to traditional public transportation. In the wake of the depletion of natural resources and the negative impacts of air pollution and emissions, Olectra has taken the initiative to accelerate the development of Hydrogen-powered buses. This initiative will help out the Indian Government to achieve its carbon-free hydrogen ambitions. Olectra aims to contribute to the nation’s environmentally sustainable energy security through its Hydrogen buses.
The 12-metre low-floor bus has a customisable seating capacity of between 32 to 49 seats for passengers and one driver seat. A single hydrogen fill allows the bus to travel up to 400 km. Hydrogen for this range coverage takes just about 15 minutes. When it comes to emissions, these buses generate only water as tailpipe emissions. This is the main unique selling proposition for phasing out old diesel and petrol systems and replacing them with these green buses. Olectra aims at commercially launching these buses within a year.
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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