OLAELEC - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.4
| Stock Code | OLAELEC | Market Cap | 10,956 Cr. | Current Price | 24.9 ₹ | High / Low | 71.2 ₹ |
| Book Value | 25.0 ₹ | Dividend Yield | 0.00 % | ROCE | 0.59 % | ROE | -0.58 % |
| Face Value | 10.0 ₹ | DMA 50 | 29.3 ₹ | DMA 200 | 42.3 ₹ | Chg in FII Hold | 0.84 % |
| Chg in DII Hold | 0.50 % | PAT Qtr | -32.0 Cr. | PAT Prev Qtr | -14.0 Cr. | RSI | 42.0 |
| MACD | -1.76 | Volume | 9,03,37,374 | Avg Vol 1Wk | 6,15,74,947 | Low price | 21.2 ₹ |
| High price | 71.2 ₹ | Debt to equity | 0.04 | 52w Index | 7.31 % | Qtr Profit Var | -197 % |
| EPS | -0.26 ₹ | Industry PE | 29.0 |
⚡ Analysis: OLAELEC shows weak fundamentals with negative ROE (-0.58%) and ROCE (0.59%). Intraday momentum is soft as RSI (42) is neutral and MACD (-1.76) remains negative. Despite this, today’s volume (9.03 Cr shares) is higher than the 1-week average, indicating speculative activity. The stock trades below both 50 DMA (29.3 ₹) and 200 DMA (42.3 ₹), reflecting long-term weakness.
💹 Optimal Buy Price: 23.5 ₹ – 24.0 ₹ (near support zone)
🎯 Profit-Taking Levels: 25.8 ₹ – 26.5 ₹ (short-term resistance)
🛡️ Stop-Loss: 22.8 ₹ (below intraday support)
📈 If Already Holding: Exit intraday if price fails to hold above 25.0 ₹ or if momentum indicators weaken. Book profits near 26.0 ₹ or cut losses if price slips under 23.0 ₹.
Positive
- 📊 Very low debt-to-equity (0.04), minimal leverage risk.
- 📈 Strong liquidity with volume higher than average.
- 🔄 Institutional investors (FII/DII) increased holdings slightly.
Limitation
- ⚠️ Negative ROE and ROCE indicate poor efficiency.
- 📉 EPS (-0.26 ₹) remains negative.
- ⏳ Price far below 200 DMA (42.3 ₹), showing long-term weakness.
Company Negative News
- ❌ PAT worsened from -14 Cr. to -32 Cr. in the latest quarter.
- 📉 Quarterly profit variation of -197% highlights deteriorating performance.
Company Positive News
- ✅ Marginal increase in institutional stake (FII +0.84%, DII +0.50%).
- 💡 High trading activity today, offering intraday liquidity.
Industry
- 🏭 Industry PE is 29.0, but OLAELEC trades at a loss-making valuation.
- 📊 Sector sentiment is moderately positive, but company-specific weakness dominates.
Conclusion
⚖️ OLAELEC is a weak intraday candidate due to poor fundamentals and negative momentum. While speculative volume offers short-term opportunities, risk remains high. Suitable only for quick scalps with strict stop-loss discipline.
Would you like me to extend this into a peer benchmarking overlay against other EV/auto-tech stocks? That way, you’ll see if intraday setups in the sector offer stronger opportunities than OLAELEC.