olectra share price is gaining momentum

Is it a right company to invest in?

Let us discuss that

olectra greentech share price has given a break out with strong volume 

Let us discuss the technical and fundamental analysis of this stock

olectra Greentech share price Technical Analysis

olectra Greentech has formed a golden crossover at Rs 650 level. 

The stock stayed there for around 2 months to consolidate.

olectra share price has given a break out at 950 level with strong volume and RSI

The olectra share will go up now with a strong tailwind from order book.

olectra Greentech share price Fundamental Analysis

Indian electric bus manufacturer headquartered in Hyderabad, Telangana

Fundamentally olectra Greentech is strong company in EV segment

The company founded in 2000

India's largest electric bus manufacturer with a market share of over 50%. 

Olectra Greentech position in Indian EV market

Manufacturing capacity of 3,5000 electric buses per year

Planning to increase this to 10,000 buses per year by 2025. 

BMTC, the DTC, and KSRTC are a few major clients.

Major Clients

Got an order for 5,150 electric busses from the Maharashtra State Road Transportation Corporation

The order is worth of Rs 10,000 Cr more than company's market cap

Brand Value

Strong brand name and market leadership in the electric bus segment in India 

Experienced management team with a proven track record in the electric bus industry

Experienced Leadership

The total revenue increased 83 percent year-on-year (YoY) to Rs 1,100 crore in FY23.

olectra Greentech Financials

The net profit grew 88 percent YoY to Rs 66 crore in the same period. 

EBITDA ¬margins for the company reduced by 162 basis points YoY in FY23

Debt-to-equity ratio stood at 0.32 as of March 31, 2023.

Exports grew by 157.9% to Rs.127.21 crores in FY23, compared to Rs.52.02 crores in FY22.

What retail Investors should do now

This is a good company to invest in the Electric Vehicle boom

Fresh buying not advisable at the moment

Retail investors should wait for the correction to enter into this Olectra Share.

The stock may correct to the 1000 level by next month.

Is it right time to buy

This Stock near the 1000 level is a good buy. Keep an eye on it.

Retail investors who already have invested in the stock can stay for the long term to gain good profit.

Is it right time to buy

olectra greentech share is good to keep in portfolio.

Olextra Greentech Share price has the potential to double from here by 2025

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