India's Olectra Greentech rises on Q3 profit jump

Olectra Greentech

29/01/2024 04:15

** Shares of Olectra Greentech  OLEC.NS  rise as much as
5.9% to 1,798.55 rupees
    ** Electric bus maker reported near 90% rise in consolidated
net profit for the Dec-qtr; rev rose 33.4%
    ** Stock has been trading above its 200-day moving avg since
March 
    ** OLEC on track for a third consecutive monthly gain, if
trend holds; up 30.9% for the month so far
    ** Stock rose 172.1% in 2023

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))