Olectra Greentech share price target 2025

 Olectra Greentech share price target 2024 and started manufacturing electric vehicles around the year 2016. Since then, the company has delivered over 1000 electric buses which have covered more than 9 crore kilometers on the roads of India.



Over the years, the company's share price has been on a rising trend and increased by 46% in 2024, which is compared to Rs 1373 in 2010. In this post, we will discuss the factors that are likely to influence the company's Share price target in 2025 and in the coming years.

Olectra Greentech Latest News


Shares of Olectra Greentech increased by 150% on the NSE in the year 2023 and has gained 46% since January 1, 2024. The Vasai Virar City Municipal Corporation awarded a contract for supply and maintenance of 40 Electric Buses worth Rs 62 crores to Olectra Greentech Limited. According to stock exchange filings, the company reported a 77% increase in net profit for the July-Sep quarter to Rs 27.11 crore, while revenue increased by 33% to Rs 342,14 crore.

Olectra Greentech share price target 2025 recently awarded a contract for greenfield electric vehicle manufacturing worth 395 crores in Telangana to a company called Megha engineering & infrastructures Ltd.

In July of this year, the company won a large 'Gross Cost Contract' worth approximately Rs 10,000 crore based on an OPEX model over 12 years.

Olectra Greentech LTD Competitors (Market Cap: 16,414.10 crores INR)

  • Kanyes Tech (Market Cap: 18,557.65 crores INR)
  • DCX Systems (Market Cap: 1253.63 crores INR)
  • Avalon Tech (Market Cap: 479.37 crores INR)
  • IKIO Lightings (Market Cap: 2286.74 crores INR)
  • Centrum Electron (Market Cap: 2058 crores INR)

Points to consider before investing in Olectra Greentech NSE Stock


The company's profit increased by 16% year-on-year in Q3-2023, reaching Rs 5.190 crore. The company's stock prospects on the NSE will be bright as it will benefit from being one of the top electric vehicle bus makers in India. The Indian Government's initiatives to make public transport cleaner and more eco-friendly will also help Electra Greentech in the long run. The company is diversifying its portfolio of electric vehicle companies by producing buses, hydrogen-powered electric buses, and three-wheelers. Olectra Greentech share price target 2026, the company received contacts of over 8000 buses to provide and manage public sector electric buses across various metropolitan cities in India. The company's net profit increased by 77% in the third quarter of fiscal year 2023, reaching Rs 342.14 crore.

Conclusion

Olectra Greentech share price target 2027 , the share price has increased by 881 percent on the NSE. Over the last 5 years of trading on the NSE, Olectra shares have increased by 331 percent and 89 percent respectively.

In order to make an informed investment decision, it is recommended that an investor thoroughly researches various market factors like the company's last year's earnings, dividend yield and future projects.

Over the past 5 years, the share price on the NSE has risen by 331 percent and over the past 5 years it has increased by 89 percent. Over the past year, the NSE Share Price on Olectra GREENTECH Limited has risen by 89 percent and over the last 5 years on the NSE (January 10th, 2019).


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