India's Olectra Greentech gains on Q3 earnings rise

Olectra Greentech

25/01/2023 07:38

** Shares of Olectra Greentech Ltd.  OLEC.NS  rise as much
as 3.5%, most intraday gain in three weeks, to 489.40 rupees
    ** Trading volume is 178,268 shares as of 1:01 p.m. IST,
close to the 30-day avg of 190,419 shares
    ** Rise comes after co reported an uptick in Q3 net profit,
core profit and revenue, while core profit margins contracted
marginally to 13.71% from 13.73%, the same period a year ago 
    ** Electric bus segment, which accounts for nearly 90% of
the total consolidated revenue, rose over 23% Y/Y      
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))