If 1 lakh rupees had been invested in this stock a year ago, then today Rs 11.45 lakh would have been received.

Multibagger stock: The stock of Olectra Greentech has given a return of 1,000 percent in one year. The stock, which closed at Rs 62.55 on November 11, 2020, rose 1,045 per cent to an all-time high of Rs 716.40 on the Bombay Stock Exchange (BSE) today. An amount of Rs 1 lakh invested in the shares of Olectra Greentech a year ago would have become Rs 11.45 lakh today. In comparison, the Sensex has gained 37.39 percent during this period.

The mid cap stock rose 4.91% to hit an all-time high of Rs 716.4 against the previous close of Rs 682.90 on BSE. The stock has risen 9.88% in the last 2 days after the firm received an order worth Rs 250 crore for supply of 100 electric buses from one of the state transport corporations under the FAME-II scheme of the Government of India.

Olectra Greentech stock is trading above the 5 day, 20 day, 50 day, 100 day and 200 day moving averages. Shares have gained 426 per cent and 36 per cent in one month since the beginning of this year. The stock has gained 13.26 per cent in a week.

financial performance of the company
The unprecedented rise in Olectra Greentech stock reflects the firm’s financial performance. In the September quarter, it reported a profit of Rs 3.60 crore as against a profit of Rs 0.51 crore in the corresponding quarter of the previous fiscal. Sales in the September quarter grew by 42.18% to Rs 71.43 crore as against Rs 50.24 crore in the corresponding quarter of the previous fiscal.

On a quarter-on-quarter basis, net profit grew 172% from Rs 1.32 crore in the June quarter. Sales climbed 69% from Rs 42.27 crore in the June quarter. However, the firm reported a decline of 40.28% in net profit to Rs 8.08 crore for the financial year ended 2021 as against Rs 13.53 crore in the March 2020 financial year. Sales grew by 40.33% to Rs 281.38 crore in March 2021, from Rs 200.52 crore sales in the previous fiscal.

Olectra Greentech is a publicly listed company with major interests in electric buses, composite insulators, amorphous core-distribution transformers, data analysis and IT consulting.

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