Olectra Greentech Ltd Share Price (OLECTRA)

Olectra Greentech's Revenues Expected to Climb by 102% - 17 Apr, 2024

Olectra Greentech's revenues are anticipated to climb by 102% in the coming year, according to an analyst. The company's high price-to-sales ratio reflects strong future revenue expectations and shareholder confidence. This positive outlook should keep the share price buoyant.

Olectra Greentech Stock Slips 4.85% - 15 Apr, 2024

Shares of Olectra Greentech fell by 4.85% to settle at Rs 1,738.95 on Monday. Technical analysts suggest bearish views with immediate support at Rs 1,700 and resistance at Rs 1,826. The stock has a P/E ratio of 158.95 and EPS of 2.71. Promoters hold a 50.02% stake in the company.

Olectra Greentech's ROCE Indicates Promising Trends - 30 Mar, 2024

Olectra Greentech's return on capital employed (ROCE) has been growing, indicating a compounding machine that can continually reinvest its earnings back into the business and generate higher returns. The stock has returned 662% to shareholders over the last five years.

Olectra Greentech Wins Contract to Supply Electric Buses - 19 Mar, 2024

Olectra Greentech has won a contract from Assam State Transport Corporation to supply 10 electric buses worth Rs. 15.14 crore, to be executed within 90 days. The company also received a contract in February 2024 to supply, operate and maintain 2,400 electric buses on gross cost contract basis. Olectra Greentech's Q3 FY24 financial statements show strong growth with revenue increasing by 11% and net profits zooming by 47%. The stock closed at Rs. 1,702 on NSE, down by 0.72%.