India's Olectra Greentech at record high after order win

Olectra Greentech

22/02/2024 07:58

** Shares of electric bus maker Olectra Greentech  OLEC.NS 
rise 7.4% to a record high of 2,214.95 rupees 
    ** OLEC says it got order worth 40 bln rupees ($482.7 mln)
from Brihan Mumbai Electric Supply & Transport Undertaking
    ** Order to supply 2,400 electric buses expected to be
delivered over 18 months 
    ** More than 109,200 shares trade in four block deals in
price range of 2,078.10-2,203 rupees per share - LSEG data
    ** Stock up 64% YTD, after a 172.1% climb in 2023 
    
($1 = 82.8620 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))