Synopsis:
Over the past five years, Olectra Greentech has delivered phenomenal returns of nearly 20x, driven by strong order inflows, revenue growth, and improving profitability. It is backed by a robust order book.
This company is a pioneer in India’s electric mobility space. The company manufactures electric buses, tippers, and trucks, along with composite polymer insulators and is now in the spotlight after delivering 20 times returns in the past five years.
With market capitalization of Rs. 12,777 cr, the shares of Olectra Greentech Ltd are currently trading at Rs. 1,557.60 per share, from its previous close of Rs. 1,545.10 per share. The stock has surged 2,406.19% in the last 5 years from Rs. 62.15 per share on Oct 6, 2020 to current levels of Rs. 1,557.60 per share.
Company growth
Olectra Greentech Ltd is one of India’s most remarkable auto stocks, having delivered over 20x (20-bagger) returns over…
