News for OLECTRA GREENTECH LIMITED (OLECTRA.BO)

The NSE Nifty index closed 86.41 points up at 23249.5

Olectra Greentech share price: The scrip traded higher than the 5-day, 10-, 20-, 30-day and 50-day simple moving averages (SMAs) but lower than the 100-day, 150-day and 200-day SMAs.

In the Nifty 50 index, 40 stocks were trading in the green, while 10 stocks were trading in the red.

Buzzing stocks, stocks to watch: Religare, ITD Cementation, MobiKwik, KFin Tech, ITC Hotels, Autoline Industries, OneSource, Lloyds Enterprises, HG Infra, Grasim

India Business News: Olectra Greentech Limited unveiled new electric bus models with blade battery technology, providing 30% more energy storage and enabling a range of up

In the Nifty 50 index, 34 stocks ended in the green, while 16 stocks closed in the red in today's trade.

Experts feel current market dynamics are favourable for gold, driven by several factors

Multibagger stock: Olectra Greentech shares climbed 4.33% to Rs 1717 today against the previous close of Rs 1645.30 on BSE. Olectra Greentech Ltd stock opened higher at Rs 1655.05 today.

Olectra Greentech's shares rose nearly 6% after reporting a 156.4% YoY profit increase to Rs 47.7 crore for Q2. Revenue surged 70.5% to Rs 523.7 crore, boosting market confidence.

Indian benchmark equity indices, Sensex and Nifty50, recorded their biggest single-day decline in nearly three weeks, dragged down by slowing corporate earnings and ongoing foreign selling.

Nifty50 and Sensex ended lower due to weak earnings and renewed profit-booking. Key resistance and support levels indicate heightened volatility, while mixed bullish and bearish signals show a rangebound market. High activity and varied interests are noticeable across different stocks, revealing a cautious market sentiment.

Indian benchmark equity indices Sensex and Nifty50 logged daily and weekly losses on Friday, weighed down by foreign outflows, slowing corporate earnings and escalating tensions in the Middle East.

Stock market holiday: During the previous session on Tuesday, domestic benchmarks settled lower as energy shares dragged. The 30-share BSE Sensex pack shed 33 points or 0.04 per cent to end at 84,266. The broader NSE Nifty index edged down 14 points or 0.05 per cent to close at 25,797.

The recently launched PM E-drive scheme will be valid for two years with a total outlay of Rs 10,900 crore, compared to FAME-2's budget of Rs 12,000 crore

The NSE Nifty index was trading 94.21 points up at 25012.65

Buzzing Stocks Today, Stocks that will see action today: 20 August 2024 - Zomato, Bajaj Auto, PowerGrid, IndusInd Bank, Torrent Power, HCL Tech, Motilal Oswal, Hi-Tech, Olectra Greentech, Sequent Scientific, Poly Medicare, Vishnu Chemicals, Share India Securities, The Investment Trust of India, Hazoor Multi Tech, Finkurve Financial, Nucleus Soft, MRO-Tek

Sensex and Nifty closed lower on Tuesday, August 13, 2024, as both benchmark indices witnessed significant declines

Sensex and Nifty drop, BSE Sensex at 79,272.62 and Nifty at 24,235.45, reflecting global and domestic economic concerns.

Stocks including Adani Group, L&T, Kotak Bank, ONGC, Bharat Dynamics, IRFC, Auro Pharma, Honasa Consumer and more may remain under the spotlight before the opening bell on Monday, August 12.