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JBM Auto, Olectra shares extend gains as Centre unveils ₹9,585 crore vehicle replacement scheme
The policy is seen as a major positive for electric bus manufacturers, particularly JBM Auto and Olectra Greentech, which are among the leading players in India's electric public transport market.
JBM Auto, Olectra Greentech shares gain 4% after Cabinet announces ₹5,041 crore to replace old trucks, buses in Delhi
Union Minister Ashwini Vaishnaw said the trucks and buses constitute a large source of pollution. The replacement scheme will phase out older buses with BS6 and electric vehicles.
Q4 Results On May 29: Asian Paints, BEML, IndiGo, Glenmark Pharma, NMDC Among Over 700 Companies To Share Earnings
Inox Wind, Ipca Laboratories, Aegis Logistics, Olectra Greentech and Mishra Dhatu Nigam are among the other names that will announce Q4FY26 results on Friday.
Stocks to Watch Today: InterGlobe Aviation, Concord Biotech, NMDC, Lumax Auto Tech, Olectra Greentech, Cyient. Lupin, PB Fintech in focus on 01 June
Stocks to Watch, 1 Jun: InterGlobe Aviation, Gujarat Gas, Concord Biotech, Indian Renewable Energy Development Agency, NMDC, Glenmark Pharma, Olectra Greentech, Lumax Auto Technologies, Inox Wind, PNC Infratech, and Cyient will be in focus on June 1.