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Olectra Greentech rises on acquiring 26% stake in `Evey Trans (MAH)`
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Olectra Greentech is currently trading at Rs. 1767.60, up by 12.10 points or 0.69% from its previous closing of Rs. 1755.50 on the BSE.
The scrip opened at Rs. 1720.00 and has touched a high and low of Rs. 1776.60 and Rs. 1720.00 respectively. So far 12889 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 2222.00 on 22-Feb-2024 and a 52 week low of Rs. 1012.55 on 11-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1842.15 and Rs. 1719.30 respectively. The current market cap of the company is Rs. 14544.71 crore.
The promoters holding in the company stood at 50.02%, while Institutions and Non-Institutions held 7.79% and 42.19% respectively.
Olectra Greentech has acquired 2,600 equity shares (26% stake) of Rs 10 each in ‘Evey Trans (MAH)’. Evey Trans (MAH) will be into the business of owning, operating and/ or leasing of electric vehicles (specifically for executing the contract with BEST as a Special Purpose Vehicle in terms of the tender conditions).
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
