highlights
Olectra Greentech shares are up 119 percent over the past four months.
In 9 years, this stock has risen 10747 percent.
The company has recently received good orders.
Multibagger Stocks: Shares in the electric bus manufacturer Olectra Greentech have made investors rich. This stock has produced multi-bagger returns over the short and long term. On the first trading day of the week, i.e. on Monday, Olectra Greentech shares reached their highest level in a year. However, the stock did post gains on Tuesday, closing on the BSE down 2.08 percent at Rs.775.55. This multi-bagger stock has made even an investor who had invested Rs 100,000 in nine years a millionaire.
money control According to a report, shares of Olectra Greentech are up 119 percent over the past four months, hitting a one-year high on Monday. Since the company started receiving good orders for electric buses, it has seen huge stock purchases. In March, the company received an order for 550 buses from the Telangana State Road Transport Corporation. The company has also secured its largest-ever order for 2,100 electric buses from Brihanmumbai Electric Supply and Transport, valued at Rs.3,675 billion. A month ago, the company announced a partnership with Reliance for hydrogen buses.
Also Read This – Multibagger Stocks: Money’s up sixfold in two years, brokerage cheats on quarterly results, price target is up
Became a millionaire in 9 years
Olectra Greentech shares were trading at Rs.7.15 on March 14, 2014 and are now up 10,747 percent at Rs.775.55. This means that Olectra Greentech has increased investors’ money by more than 108 times in just 9 years and made an investment of Rs. 100,000 with a capital of Rs. 1.08 crore. Additionally, this Multibagger stock has provided investors with excellent returns even in the short-term. On February 23, 2023, it was at 374.35 rupees at its lowest level in a year. Now the number has skyrocketed to 119 in just four months. It has thus doubled the capital of investors in four months.
In the last five trading sessions, shares of this Olectra Greentech are up 7.63 percent. The stock is up about 16 percent in a month. This stock has returned 54.86 percent in six months, so in 2023 so far, this stock has given investors about fifty percent gains. The return on this stock is 384 percent in five years.
(Disclaimer: The stocks mentioned here are based on advice from brokerage houses. If you are interested in investing in these stocks, please consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen.)
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Keywords: Business news in Hindi, Tips for making money, Multibagger Stocks, Stock Tips
FIRST RELEASED : June 7, 2023 at 6:45 am IST
