Olectra Greentech Stock Rise Analyzed
Olectra Greentech, a company making electric buses, saw a big jump in its stock price on Friday. The stock went up by over 6%, reaching a value of ₹1,274.8 per share. This is the most it’s climbed in a single day since December 24th. The increase happened as the company announced it will start building a new factory for electric buses in Hyderabad, India.
Key Points
- Stock jumped 6.18% driven by new factory announcement.
- December 31, 2025, set as factory opening date.
- Hyderabad plant will produce 2,500 electric buses annually.
- Company profits increased 4% year-on-year to ₹49.43 crore.
- Revenue rose to ₹657 crore, up from ₹524 crore.
- Olectra Greentech secures ₹421 crore HRTC electric bus order.
This new factory is called a “greenfield” facility, meaning it’s built from scratch. The company is aiming to make 2,500 electric buses each shift, which is half of their planned output of 5,000 buses a year. They’ve told the bank lending them money, State Bank of India, about this new plan.
Olectra Greentech is already a well-known company in India focused on building electric buses and providing services for them. They recently won a huge contract from the Himachal Road Transport Corporation (HRTC) to supply and maintain 297 electric buses. This project will take about 11 months to complete.
The company’s profits increased by 4% compared to the same period last year, showing they’re growing. Their sales also went up significantly, proving demand for their buses is increasing.
Investing in electric vehicle companies is a smart move for the future of transportation.
