Trending Stock: The shares of Olectra Greentech outperform as it secures order from State Transport Authority for 50 e-buses
The shares of Olectra Greentech are in focus as the company secured an order for 50 e-busses from the Gujarat Transport Corporation.
The company in its announcement said that these 50 buses orders are part of the total 353 buses for which the company emerged as winner. The company further said that the order will be on a Gross Cost Contract model basis for a period of ten years.
The 50 e-busses will be delivered over a period of one year and the maintenance of these buses will be carried out by the Olectra Greentech itself.
The share price of Olectra Greentech is up by more than 1 per cent on Tuesday at the time of filing this report. In one month the share price of Olectra Greentech has jumped higher by 31 per cent while in 2021 alone the share price of Olectra Greentech has gained by 141 per cent and in one year the stock is up by more than 365 per cent.