Share market: The stock market is so unpredictable, one piece of news changes the status of shares of any company dramatically in either way. Hindenburg’s report on the Adani Group is the current example. One piece of news changed the motion of stock on Friday too, but in a positive way. Shares of electric bus manufacturing company ‘Olectra Greentech’ rose after news of the latter’s partnership with Reliance Industries.
Electra Greentech announced on Friday that they are manufacturing hydrogen buses in partnership with Reliance Industries. After the news came in, shares of the company hit the upper circuit with a high jump of 20 percent within hours.
Shares of Olectra Greentech closed at 402.30 on Thursday. It opened at 428 on Friday and reached 482.75 during trading hours. This is a multibagger stock, in the last 5 years, it has given 146 percent return to its investors.
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