The share price of Olectra Greentech, the company that manufactures electric buses, has surged by more than 3% to reach Rs 1,279. This significant increase in the company’s shares is a result of a strong order. Olectra Greentech’s shares have seen a remarkable growth from Rs 7 a few years ago to over Rs 1,200 today. The share price has reached a high of Rs 1,465 in the past 52 weeks and a low of Rs 374.

Olectra Greentech has announced that it has been awarded a contract by the Vasai Virar City Municipal Corporation to supply and maintain 40 electric buses. The cost of these buses will be Rs 62.80 crore. The order for the supply of electric buses is based on direct sale and will be completed within 7 months. In the September 2023 quarter, Olectra Greentech reported a net profit of Rs 18.58 crore, compared to Rs 7.58 crore in the same period last year. The company’s shares have witnessed a growth of over 17,000% in the past few years, starting from trading at Rs 7.10 on March 28, 2014, to reaching Rs 1,272.60 on December 8, 2023, providing a return of around 17,470%.

Olectra Share Price ★9 December 2023

1. Olectra Greentech’s share price has increased by more than 3% and reached ₹1,279.
2. The significant surge in the company’s share price is due to a large order.
3. In the past few years, Olectra Greentech’s share price has risen from ₹7 to over ₹1,200.
4. The company’s share price has reached a 52-week high of ₹1,465 and a low of ₹374.
5. Olectra Greentech has secured a contract for the supply and maintenance of 40 electric buses from the Vasai-Virar City Municipal Corporation.
6. The cost of these electric buses will be ₹62.80 crores.
7. The order for the supply of electric buses is based on direct sales and will be fulfilled in 7 months.
8. In the September 2023 quarter, Olectra Greentech recorded a net profit of ₹18.58 crores, compared to ₹7.58 crores in the same period last year.
9. The company’s share price has increased by more than 17,000%.
10. On 8 December 2023, the share price of Olectra Greentech reached ₹1,272.60.
11. During this period, the company’s share has provided a return of approximately 17,470%.

People Can Find This Information Useful for: Olectra Greentech, share price, electric buses, order, supply, maintenance contract, Vasaivirar City Municipal Corporation, 40 electric buses, cost, order basis, direct sale, 7 months, September 2023 quarter, net profit, 18.58 crore rupees, previous year, 7.58 crore rupees, share growth, 17,000 percent, March 28, 2014, 7.10 rupees, December 8, 2023, 1,272.60 rupees, return, 17,470 percent.

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