India's Olectra Greentech rises after Q4 profit jump

Olectra Greentech

08/05/2023 05:12

** Olectra Greentech Ltd's shares  OLEC.NS  jump as much as
7.4% to 692.40 rupees, their highest since April 21
    ** The electric bus manufacturer, late Friday, said Q4
profit jumped 52% YoY, on a 38% increase in revenue
    ** Stock has been trading above it 50-, 100- and 200-day
simple moving avgs since March 9
    ** Stock last up 4.7%, taking YTD gains to ~36.5%; stock
fell 38% in 2022

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))