Olectra Greentech Share Price
Olectra Greentech, a small-cap company with a market capitalisation of around Rs 13,788 crore, is part of the MEIL Group and is India's largest manufacturer of electric buses. Headquartered in Hyderabad, the company is known as the country's leader in electric bus production. Various models of the company's electric buses are currently available in the market.
The stock has gained 436% in the last three years and has given 720% returns in the last five years. Governments in various states of the country are turning to green energy vehicles for public transport. Taking advantage of this opportunity, Olectra Greentech is participating in the tender process initiated by various state transport undertakings.
In March, the company received an order of Rs 15.14 crore for 10 electric buses from the Assam State Transport Corporation. Significant contracts have been awarded recently, including 550 buses for Telangana State Road Transport Corporation, 2,100 buses for Brihanmumbai Electricity Supply and Transport Undertaking and 5,150 buses for Maharashtra State Road Transport Corporation. Olectra is currently participating in a number of ongoing tenders.
The Indian government's focus on expanding the EV ecosystem with support for manufacturing and charging infrastructure is expected to further boost the industry. Electric buses currently account for less than 10 percent of the total bus fleet plying on Indian roads. As a result, the sector has significant growth potential.
Olectra Greentech's insulator segment, which contributes 12 percent to the company's revenue, is favorably positioned for growth. India's electric insulator market is estimated to reach $557.4 million by 2028. It is expected to grow at a CAGR of 6.6% over the next five years. Privatization of the power distribution sector and subsequent expansion of transmission and distribution and infrastructure have further boosted the market. As insulators are a critical component of this network, Olectra will benefit from their growing demand.
Adani Green Share Price
Shares of Adani Green Energy Limited rose over 2 per cent on Monday. The company's shares reached an intraday high of Rs 1,816. Apart from this, the company's stock fell 6 per cent to an intraday low of Rs 1,656 in early trade. Domestic brokerage firm Emkay Global has given a 'buy' rating to the stock and has given a target price of Rs 2,550. That is, it can rise by 43 per cent in the next few days.
Adani Green Energy's operational renewable energy capacity grew at 41% CAGR over the past five years. It has secured sites for over 50 GW of solar-wind development and over 5 GW of PSPs in Gujarat and Rajasthan. According to Emkay, momentum will now focus on Gujarat-Rajasthan supersites. The stock was trading 0.92% lower at Rs 1,792 on Friday (August 16, 2024).
MK believes Adani Green's plain vanilla RE market share should grow from 8% in FY24 to 15% by FY30 and trading capacity should grow from 5-6% to 20%. The company's consolidated net debt grew from Rs 53,900 crore in FY14 to Rs 9,200 crore in FY18.
Adani Green Energy Limited shares have gained just 2.50 per cent in the last one month. It has declined by 1.5 per cent in the last six months. The stock has given a return of 11.50 per cent since January this year and 87 per cent over the last year. In the last five years, the stock has given a return of 3,710%.
Jio Finance Share Price
The stock of Jio Financial Services is currently in the eyes of investors and experts. Many experts have advised to buy this stock. According to experts, this stock can easily earn a return of 5 to 6 percent in a short time. On Tuesday, the company's shares were trading 0.80 percent higher at Rs 331.90. Jio Finance Services stock was trading 0.39 percent higher at Rs 324.55 on Wednesday, August 14, 2024.
Jio Financial Services is a financial services provider. The company was part of Mukesh Ambani's Reliance Industries. Since then it has been listed on the stock exchange as a separate entity. The company's shares were listed on the Indian Stock Exchange in August 2023. Just four months ago, Jio Financial Services Company announced its entry into wealth management and stock broking business. The company's shares were rising rapidly. On Friday (August 16, 2024), the stock was trading 0.02% higher at Rs 320
Jio Financial has also tied up with BlackRock Inc to start wealth management and broking business in India. Jio Finance Services Company has also decided to set up a joint venture by entering into an agreement with BlackRock Advisors Singapore Pte. According to Jio Finance Service Company, the company is capable of providing brokerage services, advising on investments in stocks, bonds, mutual funds and other securities.
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