Olectra Greentech Share Price Target 2025, 2026, and 2030
Olectra Greentech was established in 2002 and started producing electric cars in 2016. Over a period of more than 9 crore kilometers have been traveled by more than 1000 electric buses delivered by Olectra Greentech Bus Company on Indian roadways.
Olectra Greentech Ltd's share price has increased throughout the years, rising 46% from Rs 1373 to Rs 2010 in 2024. They have maintained a favorable trajectory.
The NSE price of Olectra Greentech shares climbed by 150% in 2023, and since January 1st, 2024, the price has increased by 46%. According to stock exchange filings, Olectra Greentech Limited has been awarded a 62 crore contract by Vasai Virar City Municipal Corporation to provide and service 40 electric buses.
The July-Sep quarter results for Olectra Greentech show a 77% increase in net profit to Rs 27.11 crores and a 33% increase in sales to Rs 342.14 crores.
Megha Engineering & Infrastructures Ltd was recently given a 395 crore contract by Olectra Greentech to manufacture greenfield electric vehicles in Telangana.
In July of last year, Olectra Greentech limited won a huge "Gross Cost Contract" that was estimated to be worth Rs 10,000 crores over the course of 12 years based on the OPEX model.
By 2023, Olectra Greentech's profit had grown by 16% annually to a total of Rs 5,190 crore. Being one of the top producers of electric vehicle buses in India, Olectra Greentech's stock prospects on the National Stock Exchange (NSE) are favorable due to the growing demand for electric buses, which would make public transportation more accessible and environmentally friendly for commuters.
Going forward, Electra Greetech will benefit even more from the Indian government's drive to make public transportation more environmentally friendly and green.By expanding the range of products it offers from bus manufacturing to hydrogen-fueled electric buses and three-wheeler electric cars, Olectra Greentech Limited hopes to draw in investors.Over 8,000 buses were contacted by Olectra Greentech Electric Vehicle Manufacturing Company in 2023 to provide and maintain public sector electric buses in different Indian metropolises. Profitable Olectra Greentech reported a 77% increase in net profit to Rs 27.11 crores in Q3-23.
In the third quarter of the fiscal year 2023, Olectra Greentech's revenue jumped by 33 percent to Rs 342.14 crores.
In summary
In the five years starting January 10, 2019, Olectra Greentech Limited's share price has increased by an astounding 881 percent on the National Stock Exchange (NSE). Since August 10th, 2023, the NSE olectra greentech share price target has climbed by 331% and 89% over the past year.
An investor is recommended to thoroughly research a variety of market elements prior to making an investment, including the company's earnings from the previous year, dividend yield, and upcoming initiatives.
FAQ
What is the target share price for Olectra Greentech in 2025? The share price target for Olectra Greentech NSE by 2025 is set to range from Rs 2622 to Rs 1892.
What is the target share price for Olectra Greentech in 2026?
The share price target for Olectra Greentech NSE for 2026 is set to range from Rs 3767 to Rs 3145.
What is the 2030 target share price for Olectra Greentech?
The share price of Olectra Greentech NSE is expected to stay in the range of Rs 5800 and Rs 5361 in 2030.
What is the 2024 share price target for Olectra Greentech Limited?
The share price target for Olectra Greentech NSE in 2024 is set to range from Rs 426 to Rs 563.
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