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

pre-market1 source ↓written by the desknot a recommendation

Montra Electric has delivered India’s first PM E-DRIVE certified electric truck, the Rhino 5538 EV, to UltraTech Cement. This milestone marks Montra as the first heavy-duty electric truck manufacturer to receive certification under the PM E-DRIVE Scheme, advancing the country's clean mobility goals. 🚚💡

This delivery reinforces the commitment to electric vehicles in the cement sector, potentially enhancing UltraTech's sustainability profile and operational efficiency.

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, 07:18 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ULTRACEMCO closed +0.4% on the day of the news, from ₹12,535.00 to ₹12,590.00; Nifty +2.5% over the same session; futures OI −1.8%.

Bulletin at 07:18 IST on 3 Feb 2026. Every change is measured from ₹12,535.00, the last close before it, on 2 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 it115371253513533axis spans 17%before the news · 2 Feb12535Nifty 50ULTRACEMCObulletinD0+1+3+528 Jan6 Feb17 FebFutures open interest, lotspeak 54,000Reference close ₹12,535.00. 16 sessions from 28 Jan to 17 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 %
Before2 Feb₹12,535.00basebase
On the day3 Feb₹12,590.00▲ +0.4%▲ +2.5%−2.1 pp difference
+1 session4 Feb₹12,806.00▲ +2.2%▲ +2.7%−0.6 pp difference
+3 sessions6 Feb₹12,722.00▲ +1.5%▲ +2.4%−0.9 pp difference
+5 sessions10 Feb₹13,023.00▲ +3.9%▲ +3.4%+0.5 pp difference
Gap at the open, % · ₹
▲ +2.1%+264.49 on 3 Feb
Day's range, % · ₹
3.0%≈ 380 high to low
Volume on the day
0.91×the 20-session average
Futures OI on the day
▼ −1.8%−910 lots · short covering · price +0.4%
Futures OI open, lots
49,0003 Feb · 24 Feb expiry
Futures premium, ₹
+46.00+0.4% to spot
Puts per call, by OI
0.66from 0.62 the session before
Max pain
12,500from 12,500 the session before

Source NSE UDiFF bhavcopy · ULTRACEMCO on the desk →

Thread · ULTRACEMCOAll ULTRACEMCO bulletins →

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