Olectra Greentech share price: The stock was last seen trading higher than the 5-day, 20-, 50-, 100- and 200-day moving averages. The counter’s 14-day RSI came at 65.90. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company’s stock has a price-to-equity…

Olectra Greentech shares extend gains to trade above Rs 700 mark; should you buy, sell or hold?

The company is primarily engaged in the manufacturing of electric buses and composite polymer insulators

Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4

Electric bus manufacturer Olectra Greentech posted a 52 per cent rise in its consolidated net profit to Rs 27.01 crore in the March quarter, mainly on the back of higher revenues.

Olectra Greentech net profit rises 52% to Rs 27 cr in March quarter

Geojit recommended accumulate rating on Olectra Greentech with a target price of Rs 738 in its research report dated April 25, 2023.

Accumulate Olectra Greentech; target of Rs 738: Geojit

Olectra Greentech Ltd, Sun Pharma Advanced Research Company Ltd, Brightcom Group Ltd and Network 18 Media & Investments Ltd are among the other losers in the BSE’s ‘A’ group today, 15 March 2023.

Swan Energy Ltd leads losers in ‘A’ group

In the smallcap segment, 36 stocks gave double-digit weekly returns. These include popular names such as Olectra Greentech, Kirloskar Oil Engines, Mangalore Chemicals, SeQuent Scientific, Jindal Saw, Usha Martin, Titagarh Wagons, Dishman Carbogen, Jindal Stainless, and South Indian Bank.

Sensex frowned upon bear party, but 36 smallcaps went on joyride last week

In the past three trading days,Olectra Greentech has rallied 24% after EVEY received two Letter of Awards from the Telangana State Road Transport Corporation for 550 Electric Buses

Stock of this electric bus manufacture has zoomed 68% in 10 trading days

Olectra Greentech said EVEY received two letter of awards (LOAs) from TSRTC for 550 electric buses, consisting of 500 buses for intra-city and 50 buses for inter-city operations.

Olectra Greentech shares climb 6% as arm bags order for 550 buses

The buses will be supplied to Telangana State Road Transport Corporation

Olectra Greentech bags ₹1,000-crore order for supply of 550 electric buses

The value of these orders would be approximately Rs 1,000 crore for Olectra.

Olectra Greentech stock gains on bagging electric buses order

EVEY shall procure these buses from Olectra Greentech (Olectra) and which shall be delivered over a period of 16 months.

Olectra Greentech bags order for 550 electric buses

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced and in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Olectra Greentech is engaged in manufacturing polymer insulators