Archive · 9 Dec 2025
Olectra Greentech Clarifies on Electric Car Report
Olectra Greentech Ltd, a company that makes electric buses and insulators, said they are not making electric cars right now.
They saw a news report about an electric car and wanted to explain that the car shown at an event was made by another company in their group.
After they said this, their stock price went up by 5%.
The company promised to share more information if anything important happens in the future.
They also gave some numbers about how their stock is doing, like how much it costs compared to their earnings and how much their owners have invested.
Olectra Greentech clarified that they are not manufacturing electric cars as of now.
The electric concept car unveiled at the Telangana Rising Global Summit 2025 belongs to a group company.
The company promised to make all requisite disclosures as per SEBI regulations.
Shares of Olectra Greentech surged 5% to touch a day's high of Rs 1,222.
The stock has a P/E ratio of 67.82/69.25 and a P/B value of 10.04.
- Who
- Olectra Greentech Ltd
- What
- Clarification on electric car report
- When
- Tuesday (specific date not mentioned)
- Where
- Telangana Rising Global Summit 2025
- Why
- To clarify that the company is not engaged in the manufacture of electric cars as of now
- Company
- Olectra Greentech Ltd
- Event
- Clarification on electric car report
- Stock Price Change
- 5% jump
- Day's High
- Rs 1,222
- P/E Ratio
- 67.82/69.25
- P/B Value
- 10.04
- EPS
- 17.76/17.39
- RoE
- 14.80
- Beta
- 1.59
- Promoter Stake
- 50.02%