The Olectra Greentech share price saw a sharp rebound in the stock market today, climbing more than 7% from its intraday low. The sudden bounce came after the company announced a massive ₹1,800 crore electric bus order — a development that shifted market sentiment within hours.
For a stock that has been under pressure for months, this update changed the tone of the day.
Let’s break it down simply.
Stock Market Today: Olectra Greentech Share Price Recovers Strongly
The session started on a weak note. The stock slipped early in trade. But as the order details became public, buying interest emerged quickly.
- Intraday rebound: 7.3% from day’s low
- Price touched: ₹1,053.50 per share
- Trigger: ₹1,800 crore electric bus contract win
The rebound reflects how sensitive the Olectra Greentech share price currently is to business updates. After months of decline, even one strong order can shift momentum.
Main News: ₹1,800 Crore Electric Bus Order Secured
In a regulatory filing, Olectra Greentech informed exchanges that its associate company, Evey Trans Private Limited, received two Letters of Award (LOAs) from the Telangana State Road Transport Corporation (TGSRTC).
Order Details
The order includes:
- 1,085 electric buses total
- 1,025 units – 12-meter non-AC buses
- 60 units – 12-meter AC buses
- Purpose: Intra-city operations
- Total order value: ₹1,800 crore
- Delivery timeline: 20 months
- Contract period: 12 years
Evey Trans will procure these buses from Olectra Greentech. The company will also handle maintenance for the entire contract duration.
This is not just a supply deal. It’s a long-term engagement.
Understanding the GCC Model: Why This Matters?
The order operates under a Gross Cost Contract (GCC) model, also known as the OPEX model.
Here’s what it means in simple terms:
- The contract runs for 12 years
- Covers both bus supply and maintenance
- Ensures extended operational involvement
For Olectra Greentech, this creates business visibility beyond just delivery. It ties the company into long-term execution.
That’s why the stock market today reacted positively.
Company Details: December Quarter Performance
Earlier this month, the company reported its December quarter results. The numbers were steady but not explosive.
Financial Snapshot (December Quarter)
- Revenue from operations: ₹664 crore
(vs ₹515 crore in the year-ago quarter) - EBITDA: ₹93 crore
(vs ₹79 crore last year) - EBITDA Margins: 14%
(Expanded by 100 basis points year-on-year) - Net Profit: ₹47 crore
(Flat compared to last year) - Operating Expenses: ₹570 crore
(Up 31% YoY)
Revenue growth was visible. Margins expanded slightly. But higher operating expenses kept profit flat at ₹47 crore.
So while topline improved, cost pressure limited earnings growth.
Olectra Greentech Share Price Trend: The Bigger Picture
To understand today’s jump, we must look at the broader trend.
Over the last four months:
- Stock declined 30% cumulatively
- Trades 51% below record high of ₹2,221
(High achieved in February 2024)
In 2025:
- Full-year return: -17.11%
- Current year so far: Down 13%
The numbers tell a clear story. The stock has been struggling.
Today’s rebound is sharp — but it comes after a steep correction.
Retail Investors Exposure
The fall in the Olectra Greentech share price has impacted retail portfolios significantly.
- Retail holding: 42.3% stake
With a large portion of individual investors invested, sharp price swings have had wide impact.
Why Stock Market Today Focused on This Order?
In the current environment, markets are closely tracking:
- Order book growth
- Long-term revenue visibility
- Execution pipeline
A ₹1,800 crore electric bus order is substantial. It adds scale. It adds duration. It brings clarity over 12 years.
That is why the Olectra Greentech share price reacted the way it did in the stock market today.
Sector Sentiment: Electric Mobility in Focus
Olectra Greentech operates in the electric bus manufacturing space — a segment that continues to remain in discussion across transport corporations.
Large fleet orders signal adoption at the state level. Intra-city electric bus contracts reflect ongoing electrification efforts in public transport.
Orders of this size naturally attract market attention.
Numbers That Define the Story
Let’s bring everything together clearly:
- ₹1,800 crore total order value
- 1,085 electric buses
- 20-month delivery timeline
- 12-year GCC contract
- Q3 revenue: ₹664 crore
- Q3 EBITDA: ₹93 crore
- Q3 net profit: ₹47 crore
- 30% fall in four months
- 51% below lifetime high
- 42.3% retail shareholding
Each of these numbers explains today’s movement in the Olectra Greentech share price.
Summary: Olectra Greentech Share Price Finds Support in Stock Market Today
The Olectra Greentech share price rebounded strongly in the stock market today, climbing over 7% from its intraday low after the company announced a ₹1,800 crore electric bus order.
The deal includes 1,085 electric buses under a 12-year Gross Cost Contract with the Telangana State Road Transport Corporation. Delivery will happen over 20 months, and maintenance will be handled during the entire contract period.
Despite steady December quarter numbers, the stock had fallen sharply over recent months — down 30% in four months and 51% below its record high of ₹2,221.
Today’s bounce shows how quickly sentiment can shift when a large order lands.
For now, the focus stays on execution, order inflow, and sustained financial performance.
The stock market is reacting to clarity. And clarity, in this case, came in the form of ₹1,800 crore worth of electric buses.
Source: Livemint
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