Olectra Greentech has been having a dream run at the bourses. Shares of the company have jumped over 30% in the last five sessions.
What Happened: The EV manufacturer has been riding the positive wave since the launch of its Hydrogen bus last month. Since the launch, the shares of the company have jumped around 85%. The company just last Friday hit a new 52-week high of ₹743.50 as EV stocks jumped after the Maharashtra budget’s EV announcement.
So with this dream bull run how much would a ₹1,000 Investment last month would be worth right now?
A ₹1,000 investment in the stock on Feb. 13 at the closing price of ₹467.90 would have fetched you two shares of the EV company. Today at the stock’s current market price of around ₹710 your ₹935 investment would have been worth around ₹1,420, translating into an over 50% return on investment.
Price Action: Shares of Olectra Greentech were trading 0.98% higher at ₹711.25 in the late hours of trading on Monday.
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