OLECTRA - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.9
| Stock Code | OLECTRA | Market Cap | 10,224 Cr. | Current Price | 1,246 ₹ | High / Low | 1,714 ₹ |
| Stock P/E | 69.7 | Book Value | 137 ₹ | Dividend Yield | 0.03 % | ROCE | 21.0 % |
| ROE | 14.2 % | Face Value | 4.00 ₹ | DMA 50 | 1,119 ₹ | DMA 200 | 1,209 ₹ |
| Chg in FII Hold | 0.21 % | Chg in DII Hold | -0.14 % | PAT Qtr | 47.1 Cr. | PAT Prev Qtr | 52.8 Cr. |
| RSI | 62.6 | MACD | 58.9 | Volume | 6,49,168 | Avg Vol 1Wk | 10,59,848 |
| Low price | 867 ₹ | High price | 1,714 ₹ | PEG Ratio | 1.25 | Debt to equity | 0.28 |
| 52w Index | 44.7 % | Qtr Profit Var | 1.75 % | EPS | 17.9 ₹ | Industry PE | 27.3 |
📊 Optimal Buy Price (Intraday): ₹1,230–1,245 (near DMA 200 support at ₹1,209)
🎯 Profit-Taking Levels: ₹1,280–1,300 (short-term resistance zone)
🛡️ Stop-Loss / Loss Protection: ₹1,215–1,220 (below intraday support)
⏱️ Exit Strategy (If Already Holding): Exit if price fails to hold above ₹1,220 with rising volume, or book profits near ₹1,280–1,300 if RSI weakens. Momentum indicators (RSI 62.6, MACD 58.9) suggest strong but stretched momentum; extend trades only if breakout volume sustains above ₹1,300.
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### Positive
- Strong fundamentals: ROCE 21.0% and ROE 14.2% indicate efficient capital use.
- EPS of ₹17.9 supports valuation strength.
- PEG ratio at 1.25 indicates reasonable growth valuation.
- Price trading above DMA 200 (₹1,209), confirming medium-term bullish bias.
- FII holding increased (+0.21%), reflecting foreign investor confidence.
### Limitation
- RSI at 62.6 indicates near-overbought conditions, limiting upside intraday.
- Current P/E (69.7) is significantly higher than industry average (27.3), showing valuation premium.
- Volume (6.5 lakh) below weekly average (10.6 lakh), limiting intraday liquidity.
### Company Negative News
- PAT declined sequentially (₹52.8 Cr. → ₹47.1 Cr.), showing earnings pressure.
- DII holding reduced (-0.14%), reflecting cautious domestic sentiment.
### Company Positive News
- Quarterly profit variation (+1.75%) shows stability despite sequential decline.
- 52-week index at 44.7% highlights strong relative performance.
- Dividend yield, though small (0.03%), signals shareholder return policy.
### Industry
- EV and green mobility sector is growth-oriented, supported by government incentives and demand.
- Industry PE at 27.3 is lower than OLECTRA’s P/E, indicating premium valuation.
### Conclusion
OLECTRA is a moderately strong intraday candidate with bullish bias but stretched momentum. Best suited for disciplined trades between ₹1,230–1,300 with strict stop-loss at ₹1,220. Avoid chasing beyond ₹1,300 unless strong breakout volume confirms sustained strength.
Would you like me to add a sector overlay and peer benchmarking (e.g., OLA Electric, Tata Motors EV, Ashok Leyland EV) so you can compare OLECTRA’s intraday setup against its peers in a modular HTML format?