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Olectra Greentech wins ₹1,800 crore order for electric buses

after close1 source ↓written by the desknot a recommendation

order to supply
₹1,800 crore
to Telangana State
1,085 electric buses
includes
1,025 non-AC
for intra-city operations
60 AC buses

Olectra Greentech secured a ₹1,800 crore order to supply 1,085 electric buses to Telangana State Road Transport Corporation (TGSRTC). The order, awarded to subsidiary Evy Trans Private Limited, includes 1,025 non-AC and 60 AC buses for intra-city operations. This significant contract enhances Olectra's position in the electric vehicle market, potentially boosting investor sentiment.

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 23 Feb 2026, 16:05 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

OLECTRA closed −1.6% on the day of the news, from ₹1,041.20 to ₹1,024.60; Nifty −1.1% over the same session.

Bulletin at 16:05 IST on 23 Feb 2026. Every change is measured from ₹1,041.20, the last close before it, on 23 Feb. Nifty 50 is measured over the same sessions.

  • OLECTRA close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
OLECTRA closes around the bulletin against the close before the news, with Nifty 50 rebased to it872.1110411210axis spans 39%before the news · 23 Feb1041Nifty 50OLECTRAbulletinD0+1+3+517 Feb27 Feb11 MarReference close ₹1,041.20. 16 sessions from 17 Feb to 11 Mar; the price axis spans 39 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 %
Before23 Feb₹1,041.20basebase
On the day24 Feb₹1,024.60▼ −1.6%▼ −1.1%−0.5 pp difference
+1 session25 Feb₹1,011.10▼ −2.9%▼ −0.9%−2.0 pp difference
+3 sessions27 Feb₹997.10▼ −4.2%▼ −2.1%−2.2 pp difference
+5 sessions4 Mar₹906.30▼ −13.0%▼ −4.8%−8.2 pp difference
Gap at the open, % · ₹
0.0%−0.21 on 24 Feb
Day's range, % · ₹
3.1%≈ 32 high to low
Volume on the day
0.93×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · OLECTRA on the desk →

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