{"id":93262,"date":"2023-03-02T18:45:00","date_gmt":"2023-03-02T13:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=93262"},"modified":"2023-03-02T18:29:22","modified_gmt":"2023-03-02T12:59:22","slug":"ev-stock-jumps-more-than-8-after-a-two-day-fall-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-jumps-more-than-8-after-a-two-day-fall-do-you-own-it\/","title":{"rendered":"EV Stock jumps more than 8% after a two day fall; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1540317895\"><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>Shares of Olectra Greentech appreciated to the tune of 8.79% on Thursday\u2019s intraday trades to reach an intraday high of \u20b9 540.00 apiece. Its shares closed 5.36% higher at \u20b9 522.95 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1020591334\"><!-- 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>According to an exchange filing, the company\u2019s electric tipper received India\u2019s first homologation certificate from the Indian automobile regulatory agencies. The tipper is now roadworthy adhering to all the Central Motor Vehicle Rules.\u00a0<\/p><p>\u201cThe first order for 20 e-tippers is in the final stage of discussions. We are shortly going to launch variants of the e-tipper and electric truck. It is just the beginning of our journey,\u201d said Mr KV Pradeep, chairman and managing director of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/OLECTRA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Olectra Greentech<\/a><\/strong>.\u00a0<\/p><p>He added that the company is ringing in a significant change in the construction, infrastructure, mining and quarrying sectors because they are highly demanding due to the volume of material which is transported to work sites.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2434104978\"><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>Prior to this agreement, Olectra Greentech also unveiled its hydrogen bus in technical partnership with Reliance Industries. Olectra Greentech\u2019s shares have climbed 16.69% in the past five days.<\/p><p>Olectra Greentech, a subsidiary of Megha Engineering and Infrastructures Ltd is primarily engaged in the manufacturing of electric buses in India. In addition, it manufactures composite polymer insulators\/ silicone rubber.&nbsp;<\/p><p>Olectra is a small-cap company with a market capitalisation of \u20b9 4,074 crores. It has a return on equity of 4.66% and an ideal debt-to-equity ratio of 0.10. The company\u2019s shares were trading at a price-to-earnings ratio of 72.32, which is higher than the industry average of 39.05, indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/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-3354795775\"><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>Shares of Olectra Greentech appreciated to the tune of 8.79% on Thursday\u2019s intraday trades to reach an intraday high of \u20b9 540.00 apiece. Its shares closed 5.36% higher at \u20b9 522.95 apiece.&nbsp; According to an exchange filing, the company\u2019s electric tipper received India\u2019s first homologation certificate from the Indian automobile regulatory agencies. The tipper is [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20788,"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":[1513,31],"tags":[1775,6623,6625,6626,6941,5907,5912,6622,6942,6943,5214,5641,5946,5213,3226,5835,5836,948,936,3153,3157,2597],"class_list":["post-93262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-olectra-greentech","tag-olectra-greentech-and-reliance","tag-olectra-greentech-hydrogen-bus","tag-olectra-greentech-hydrogen-bus-range","tag-olectra-greentech-latest-news","tag-olectra-greentech-limited","tag-olectra-greentech-limited-share-price","tag-olectra-greentech-partnership-with-reliance","tag-olectra-greentech-q3-results","tag-olectra-greentech-results-2023","tag-small-cap-stock-to-buy","tag-small-cap-stock-to-buy-in-2023","tag-small-cap-stock-to-buy-now","tag-small-cap-stock-to-watch","tag-small-cap-stocks","tag-small-cap-stocks-to-buy","tag-small-cap-stocks-to-buy-now","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"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 more than 8% after a two day fall; Do you own it? - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"According to an exchange filing, the company\u2019s electric tipper e received India\u2019s first homologation certificate from the Indian automobile regulatory agencies. 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