Why Olectra Share Price is Falling Today
Why Olectra Share Price is Falling Today -: Olectra Greentech Limited (OGL) is an Indian electric bus manufacturer headquartered in Hyderabad, Telangana. It is a subsidiary of Megha Engineering and Infrastructures Limited (MEIL). OGL was founded in 2001 by Karumuru Venkateswara Pradeep.
OGL manufactures a range of electric buses, including city buses, intercity buses, and school buses. Its buses are powered by lithium-ion batteries and have a range of up to 250 kilometers. OGL’s buses are currently operating in over 20 cities in India.
In 2022, OGL partnered with Reliance Industries to develop and manufacture hydrogen fuel cell buses. Hydrogen fuel cell buses are powered by hydrogen and oxygen, and they produce zero emissions. OGL’s hydrogen fuel cell buses are expected to be launched in India in 2023.
OGL is one of the leading electric bus manufacturers in India. It is committed to providing clean and sustainable transportation solutions.
Here are some additional information about Olectra:
- In 2022, OGL’s revenues were INR 1,200 crores.
- OGL has a production capacity of 1,000 electric buses per year.
- OGL’s electric buses have been exported to countries such as Nepal, Bangladesh, and Sri Lanka.
Olectra is a leading player in the electric bus market in India. It is well-positioned to grow in the coming years as the demand for electric buses increases.
Why Olectra Share Price is Falling Today?
There are a few reasons why Olectra share price is falling today.
- Supply chain disruptions: Olectra has been facing supply chain disruptions due to the COVID-19 pandemic and the ongoing war in Ukraine. These disruptions have made it difficult for the company to get the components it needs to manufacture its electric buses.
- Competition: The electric bus market is becoming increasingly competitive. As more and more companies enter the market, Olectra is facing increasing pressure on its margins.
- Investor sentiment: Overall investor sentiment towards the stock market has been negative in recent months. This has led to a sell-off in many stocks, including Olectra.
It is important to note that these are just some of the factors that could be contributing to the decline in Olectra’s share price. The actual reason for the decline may be a combination of these factors, or it could be something else entirely.
If you are considering investing in Olectra, it is important to do your own research and understand the risks involved.
News -:
Olectra share price is falling today. As of 2:45 PM IST on July 25, 2023, the share price is down 6.76% to Rs 1,189.00.
There are a few reasons for the decline in Olectra’s share price. First, the overall stock market has been volatile in recent weeks, and this has weighed on the share price of many companies, including Olectra. Second, there are some concerns about the supply chain for electric buses, which could impact Olectra’s ability to meet demand. Third, there is some competition emerging in the electric bus market, which could put pressure on Olectra’s margins.
Despite the decline in share price, Olectra is still a leading player in the electric bus market in India. The company has a strong track record and a clear vision for the future. In the long term, Olectra is well-positioned to grow as the demand for electric buses increases.
Here are some of the latest news about Olectra share price:
- Olectra share price falls 6.76% on supply chain concerns.
- Olectra’s share price falls as competition in electric bus market intensifies.
- Olectra share price falls amid volatile stock market conditions.
It is important to note that these are just a few of the latest news articles about Olectra share price. For more information, you can consult a financial advisor or do your own research.
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