Stock Market News Update:This Company Making Electric Buses Got a Big Order of ₹ 10k Crore, Stormy Rise in The Stock
Yuva Patrkaar, New Delhi : Hello Guy's! Welcome to our another new blog. Today we are going to tell you about one such share with the help of this article. Who currently works to make electric buses. But its share price has increased by 137% in just 6 months. The reason for this is being attributed to a big order received by the company.
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What a big order the company got
Guy's The name of the company we are talking about today is Olectra Greentech Ltd. Is. In fact it has bagged a huge order worth Rs 10,000 crore. Let us tell you that the Maharashtra government has given this order for 5,150 electric buses to this company. However, no further news has come to the fore regarding this. And tell that the market cap of the company is around Rs 9000 crore.
About the company
Guy's This company mainly deals in making electric buses and composite polymer insulators. The stock of this company was trading at only ₹469.65 in the month of February this year, but today i.e. on July 8, the share price is ₹1,229.25. If seen in this way, it has increased up to 137.40% in just 6 months. On the other hand, if we talk about 3 years, then it has given a return of up to 1600%.
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Company's march quarter results
The March quarter results of Guy's OLECTRA GREENTECH have also been impressive. The profit of the company has increased from ₹18 crore to ₹27.8 crore. And the income has increased by ₹ 271.3 crore to ₹ 375.9 crore. EBITDA increased from ₹32.1 Cr to ₹50 Cr. EBITDA margin also increased from 11.8% to 13.3%.
NOTE : Guy's YUVAPATRKAAR only gives you information about the stock market i.e. any company. It is not advised to make any kind of investment here. We are not a SEBI registered financial advisor. Our job is only to provide information, we do not give investment advice. Hence you should consult your financial advisor before investing and invest at your own risk.
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