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Montra Electric delivers India's first PM E-DRIVE certified truck

after close1 source ↓written by the desknot a recommendation

Montra Electric has marked a significant milestone by delivering India's first PM E-DRIVE certified electric truck, the Rhino 5538 EV, to UltraTech Cement. This achievement positions Montra as the first heavy-duty electric truck manufacturer to comply with the Government of India's clean mobility initiative. This delivery underscores the growing commitment to electric vehicles in the logistics sector. ⚡

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 Feb 2026, 16:16 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ULTRACEMCO closed +1.7% on the day of the news, from ₹12,590.00 to ₹12,806.00; Nifty +0.2% over the same session; futures OI +0.7%.

Bulletin at 16:16 IST on 3 Feb 2026. Every change is measured from ₹12,590.00, the last close before it, on 3 Feb. Nifty 50 is measured over the same sessions.

  • ULTRACEMCO close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ULTRACEMCO closes around the bulletin against the close before the news, with Nifty 50 rebased to it115881259013592axis spans 17%before the news · 3 Feb12590Nifty 50ULTRACEMCObulletinD0+1+3+529 Jan9 Feb18 FebFutures open interest, lotspeak 53,000Reference close ₹12,590.00. 16 sessions from 29 Jan to 18 Feb; the price axis spans 17 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Feb₹12,590.00basebase
On the day4 Feb₹12,806.00▲ +1.7%▲ +0.2%+1.5 pp difference
+1 session5 Feb₹12,773.00▲ +1.4%▼ −0.3%+1.8 pp difference
+3 sessions9 Feb₹13,048.00▲ +3.6%▲ +0.5%+3.1 pp difference
+5 sessions11 Feb₹12,969.00▲ +3.0%▲ +0.9%+2.1 pp difference
Gap at the open, % · ₹
▲ +0.1%+10.07 on 4 Feb
Day's range, % · ₹
2.0%≈ 250 high to low
Volume on the day
0.49×the 20-session average
Futures OI on the day
▲ +0.7%+340 lots · long build-up · price +1.7%
Futures OI open, lots
49,0004 Feb · 24 Feb expiry
Futures premium, ₹
+19.00+0.1% to spot
Puts per call, by OI
0.62from 0.66 the session before
Max pain
12,500from 12,500 the session before

Source NSE UDiFF bhavcopy · ULTRACEMCO on the desk →

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