India's Olectra Greentech up on profit surge

Olectra Greentech

06/11/2023 06:59

** Shares of Olectra Greentech  OLEC.NS  up about 2%
    ** Session's trading range above stock's 50-day simple
moving avg for first time since early Oct
    ** Electric bus maker says consolidated net profit for the
Sept-qtr more than doubled, as rev surged 73%
    ** Trading vol at mid-day is about 1.7x the 30-day daily avg
    ** Stock up 5.5% so far in Nov, after two months of
declines; still stock has surged 143% YTD

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))