Olectra Green Tech is very much in the limelight today morning. The stock, which has closed yesterday at Rs.184.85, rose to an intraday high of Rs.197, going up over 6.5%. Today’s volume traded has already crossed yesterday’s total volume.
This is the first Electric Vehicle (EV) company in the country to cross the milestone of having over 100 electric buses commercially plying successfully on Indian roads.
There is buying on the counter as investors are looking out for companies which make EV vehicles.
The company was in news recently after it deployed more than 100 electric buses in India, which included putting new 40 EV buses in Hyderabad, earning Telangana State Road Transport Corporation the reputation of being the first and currently only State Transporter ti deploy such a large fleet of electric buses.
Olectra has 108 electric buses deployed in Himachal Pradesh, Kerala, Telangana and Maharashtra.