Disclosed a robust net order book for electric buses, totaling 8,088 units, with significant demand continuing, including orders from MSRTC for 5,150 buses.

Shares of the company have gained more than 17 per cent on Friday.

On Monday, the Sensex zoomed by 415 points to close at 60,224.46, while the Nifty 50 surged by 117 points to close at 17,711.45

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On Monday, the Sensex fell by 175 points to close at 59,288.35, while the Nifty 50 dropped by 73 points to close at 17,392.70

On Friday, the Sensex fell by 141 points to close at 59,463.93, while the Nifty 50 dropped by 274 points to close at 17,511.25

Olectra Greentech increased by 13.33 per cent.

On Thursday, the Sensex fell by 139 points to close at 59,605.80, while the Nifty 50 dropped by marginal 274 points to close at 17,511.25

Shares of Olectra Greentech Ltd, rebounded from its 52-week low of Rs 457.10 and were locked in 10 per cent upper circuit in Thursday’s trading session.

The e-bus division has recorded a revenue of Rs 279.4 crore for the quarter ended June 30, 2022, against Rs 23.4 crore for the corresponding quarter ended June 30, 2021, resulting in significant growth of 1,096 per cent mainly due to the supply of electric buses (169 buses in Q1 22-23 against only 11 buses in Q1 2022-23) and higher operating income recorded in the current quarter from Pune bus operations.  

BSE Smallcap index relatively underperformed broader markets by climbing only 0.21 per cent to end at 26,773.41