India's Olectra Greentech jumps to near 6-month high

Olectra Greentech

09/03/2023 07:38

** Shares of electric bus maker Olectra Greentech Ltd
 OLEC.NS  rise as much as 15% to 645.50 rupees, highest since
Sept. 13, 2022
    ** OLEC shares mark their biggest jump in three-day winning
run leading to a near 22% gain 
    ** Stock had risen on Monday after an order for 550 buses
    ** Shares which traded above 50- and 100-day simple moving
averages in previous two sessions, now also trading above
200-day simple moving average of 559.62 rupees, suggesting
bullish sentiment
    ** Stock also most active in three-day winning run with over
3 mln shares changing hands by 1:00 p.m. IST    
    ** Stock up nearly 14% so far this year, up to last close


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))