SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Olectra Greentech gains on adding 150 more electric buses to its fleet in Pune

08 Mar 2022 Evaluate

Olectra Greentech is currently trading at Rs. 600.00, up by 16.80 points or 2.88% from its previous closing of Rs. 583.20 on the BSE.

The scrip opened at Rs. 585.00 and has touched a high and low of Rs. 612.35 and Rs. 585.00 respectively. So far 21309 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 940.45 on 16-Dec-2021 and a 52 week low of Rs. 169.00 on 11-May-2021.

Last one week high and low of the scrip stood at Rs. 659.30 and Rs. 577.65 respectively. The current market cap of the company is Rs. 4786.95 crore.

The promoters holding in the company stood at 51.62%, while Institutions and Non-Institutions held 9.16% and 39.22% respectively.

Olectra Greentech (OLECTRA) has added 150 more electric buses to its fleet in Pune. Olectra's total fleet of 300 electric buses in Pune is the largest in the segment compared to any city in India. The company is confident of adding another 350 buses to Pune Mahanagar Parivahan Mahamandal (PMPML) in the next few months.

The company has already delivered over 600 electric buses to various state transport undertakings (STUs) and covered more than five crore kilometres on Indian roads. Olectra is the first to introduce 7, 9, and 12-metre electric AC buses in India. Currently, it has an order for 1,523 electric buses from various STUs. It is planning to enter into an inter-city / inter-state private transport segment and staff transportation segment in private sector.  It is the only manufacturer of tarmac electric buses in airports.

With a growing demand for electric buses from STUs and the private sector, the company has planned a massive expansion. It acquired 150 acres from the Government of Telangana to establish a state-of-the-art, fully-automated robotic manufacturing plant. The Olectra plans to manufacture 10,000 buses per year with the expanded capacity. The company has major plans to expand its product line by launching trucks, LCVs, three-wheelers and other EV products.

Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.

Olectra Greentech Share Price

1226.25 13.00 (1.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ashok Leyland 174.75
Force Motors 22382.80
Olectra Greentech 1226.25
Tata Motors 439.15
SML Mahindra 4317.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×