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    Stock Radar: Multibagger with over 400% return in 1 year! What should investors do with this EV stock?

    Short-term traders can look to buy the stock on dips for a possible target of Rs 2,300 in the next 1-2 weeks, suggested experts.

    Synopsis

    The stock rose from Rs 399 on February 21, 2023, to Rs 2,062 recorded on February 21, 2024, which translates into an upside of over 400% in a year. It has been in an uptrend since February 2023 when it made a low above 300 levels on the monthly charts. The stock gained over 6% in a week, nearly 30% in a month, and more than 60% in the last 3 months.

    Olectra Greentech Ltd, a part of the automobile industry, has rallied over 300% in 1 year to hit fresh record highs in February but the chart pattern suggests that the rally may not be over yet.Short-term traders can look to buy the stock on dips for a possible target of Rs 2,300 in the next 1-2 weeks, suggested experts.Olectra Greentech is India's first electric bus manufacturer. It offers a green energy solution to public transport by
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