The shares of Olectra Greentech gained 9.44% on Friday’s early trades to reach an intraday high of ₹ 654.60 apiece on the National Stock Exchange (NSE) after volumes jumped at the counter. 44.12 lakh shares changed hands on the counter by 01:20 PM against 18.43 lakh shares on the previous day. 

Olectra Greentech is engaged in the business of manufacturing composite polymer insulators and electrical buses. Its shares have been on an upward trend and have surged a whopping 54.92% in the past month from ₹ 422.55 to ₹ 654.60 apiece on the NSE. They were trading at ₹ 633.00 apiece at 01:20 PM. 

The shares have given multibagger returns of 200% in the past two years as its share price increased from ₹ 211.55 apiece to ₹ the current level. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares two years ago, the value of their holdings would have been ₹ 3 lakhs today! 

A few developments in the past month include Olectra’s technical partnership with Reliance Industries for developing a hydrogen bus and its e-tipper receiving the country’s first homologation certificate from automobile regulatory agencies. This makes it roadworthy. 

Olectra Greentech is a small-cap company with a market capitalization of ₹ 4910 crores. It has an ideal debt-to-equity ratio of 0.10, but a low return on equity of 4.66%. The company’s promoters hold a 50.02% stake in it, Foreign Institutional Investors (FIIs) hold 9.44% and retail investors hold a 40.45% stake in the company. 

Written by Simran Bafna 


The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact news@tradebrains.in

Start Your Stock Market Journey Today!

Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!