{"id":92118,"date":"2023-02-24T13:10:00","date_gmt":"2023-02-24T07:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=92118"},"modified":"2023-02-24T12:52:22","modified_gmt":"2023-02-24T07:22:22","slug":"ev-stock-jumps-18-after-partnering-with-reliance-for-hydrogen-ev-busses","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-jumps-18-after-partnering-with-reliance-for-hydrogen-ev-busses\/","title":{"rendered":"EV stock jumps 18% after partnering with Reliance for hydrogen EV Busses\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3291131145\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Olectra Greentech Limited, a subsidiary of Megha Engineering and Infrastructures Ltd, saw its shares open 6 percent higher at Rs 428 levels on Friday as against its previous close of Rs 402. It further gained 11 percent till 11:30 am and was trading at Rs 472 levels.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-743607383\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company, in association with technology partner <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RELIANCE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Reliance<\/a><\/strong>, has developed a Hydrogen bus which is a carbon-free alternative to traditional public transport. Olectra aims at commercially launching these buses within a year.&nbsp;<\/p><p>This initiative will help out the Indian Government to achieve its carbon-free hydrogen ambitions. The 12-metre low-floor bus has a customizable seating capacity of between 32 to 49 seats for passengers and can travel up to 400 km in a single fill.&nbsp;This initiative will help out the Indian Government to achieve its carbon-free hydrogen ambitions. The 12-metre low-floor bus has a customizable seating capacity of between 32 to 49 seats for passengers and can travel up to 400 km in a single fill.&nbsp;<\/p><p><a href=\"https:\/\/portal.tradebrains.in\/stock\/OLECTRA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Olectra Greentech Limited<\/a> is a pioneer in manufacturing electric buses in India. It is also the country\u2019s largest Silicone Rubber\/Composite Insulators manufacturer for power transmission and distribution networks.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1680128067\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In Q3FY23, the company reported total revenue from operations of Rs 256.43 Crore, which increased by 23 percent YoY from Rs 208.26 Crore and 45 percent QoQ from Rs 177.35 Crore. The demand remained strong in the period with an order book of 1523 electric buses.&nbsp;<\/p><p>Their net profit in the period stood at Rs 14.68 Crore which jumped 18 percent from Rs 12.48 Crore in Q2FY22. From the previous quarter, their revenue jumped 107 percent from Rs 7.09 Crore.&nbsp;<\/p><p>The small-cap company has a market capitalization of Rs 3,915 Crore. The promoters of the company hold a 50.02 percent stake with zero shares pledged while the FIIs hold a 9.44 percent stake in the company.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4099866156\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Olectra Greentech Limited, a subsidiary of Megha Engineering and Infrastructures Ltd, saw its shares open 6 percent higher at Rs 428 levels on Friday as against its previous close of Rs 402. It further gained 11 percent till 11:30 am and was trading at Rs 472 levels.&nbsp; The company, in association with technology partner Reliance, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6629,2962,6286,6288,6287,1775,6623,6625,6626,5907,5912,6622,6624,6628,6627,948,936,3153,3157,2597,1774],"class_list":["post-92118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ev-buses-in-india","tag-ev-stocks","tag-ev-stocks-to-buy","tag-ev-stocks-to-buy-in-2023","tag-ev-stocks-to-buy-now","tag-olectra-greentech","tag-olectra-greentech-and-reliance","tag-olectra-greentech-hydrogen-bus","tag-olectra-greentech-hydrogen-bus-range","tag-olectra-greentech-limited","tag-olectra-greentech-limited-share-price","tag-olectra-greentech-partnership-with-reliance","tag-reliance-and-olectra-greentech","tag-reliance-and-olectra-greentech-partnership","tag-reliance-hydrogen-bus","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-what-is-olectra-greentech-do"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EV stock jumps 18% after partnering with Reliance for hydrogen EV Busses\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This initiative will help out the Indian Government to achieve its carbon-free hydrogen ambitions. 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