Olectra Greentech shares jump over 5% after Hyderabad EV plant begins operations
Olectra Greentech shares jumped after the company began Phase-I commercial operations at its new greenfield EV plant in Hyderabad, marking December 31, 2025, as the facility’s official commercial operation date and notifying lender SBI.
Olectra Greentech’s share price rose 5.4% to Rs 1,265 on Friday after the company announced the commencement of Phase-I commercial operations at its greenfield electric vehicle (EV) manufacturing facility in Hyderabad.
In a regulatory filing with the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company said it has declared December 31, 2025, as the Commercial Operation Date (COD) for the facility located at Seetharampur, Telangana. The declaration has also been communicated to the State Bank of India, the company’s lender.
The Phase-I facility has an annual per-shift production capacity of 2,500 electric buses, accounting for 50% of the planned total per-shift capacity of 5,000 buses per annum.
The stock was trading at around Rs 1,265, giving the company a market capitalisation of approximately Rs 9,854 crore. Over the past year, the stock has moved within a wide range, hitting a 52-week high of Rs 1,714.20 and a low of Rs 989.95, reflecting notable volatility. In terms of performance, the stock has declined about 15% over the last one year. However, its longer-term trajectory remains strong, as the stock has delivered an impressive gain of around 145% over the past three years.
On the valuation front, Olectra Greentech is trading at a price-to-earnings (P/E) ratio of 68.87, indicating relatively high expectations priced in by the market. The stock’s price-to-sales (P/S) ratio stands at 5.32, while the price-to-book (P/B) ratio is 9.35, reflecting a premium valuation compared to its underlying assets.
From a technical perspective, Trendlyne data shows the stock’s 14-day Relative Strength Index (RSI) at 43.4. An RSI below 30 typically signals oversold conditions, while a reading above 70 indicates an overbought zone, suggesting the stock is currently in a neutral range. However, Olectra Greentech is trading below 5 out of its 8 key simple moving averages (SMAs), pointing to a mildly bearish short-term trend.
On the financial performance front, the company reported strong revenue growth for the September 2025 quarter. Quarterly revenue rose 25.6% year-on-year to Rs 661 crore. Net profit for the same period increased 4.2% YoY to Rs 50 crore, indicating steady earnings growth despite margin pressures.
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