OLECTRA - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.4
| Stock Code | OLECTRA | Market Cap | 8,729 Cr. | Current Price | 1,062 ₹ | High / Low | 1,714 ₹ |
| Stock P/E | 59.5 | Book Value | 137 ₹ | Dividend Yield | 0.04 % | ROCE | 21.0 % |
| ROE | 14.2 % | Face Value | 4.00 ₹ | DMA 50 | 1,175 ₹ | DMA 200 | 1,316 ₹ |
| Chg in FII Hold | -0.14 % | Chg in DII Hold | 0.13 % | PAT Qtr | 47.1 Cr. | PAT Prev Qtr | 52.8 Cr. |
| RSI | 41.2 | MACD | -38.4 | Volume | 6,59,203 | Avg Vol 1Wk | 6,81,003 |
| Low price | 965 ₹ | High price | 1,714 ₹ | PEG Ratio | 1.07 | Debt to equity | 0.28 |
| 52w Index | 12.9 % | Qtr Profit Var | 1.75 % | EPS | 17.9 ₹ | Industry PE | 31.8 |
📊 Analysis: OLECTRA is trading at ₹1,062, below both its 50 DMA (₹1,175) and 200 DMA (₹1,316), indicating short-term weakness. RSI at 41.2 suggests near oversold conditions, while MACD (-38.4) confirms bearish momentum. Volume is slightly below the weekly average, showing reduced intraday participation. The stock offers cautious intraday opportunities but requires strict stop-loss discipline.
💡 Optimal Buy Price: ₹1,050–1,055 (near support zone, risk-managed entry).
🎯 Profit-Taking Levels: ₹1,080–1,090 (first resistance), ₹1,115 (secondary resistance if momentum improves).
🛡️ Stop-Loss / Loss Protection: ₹1,035 (below intraday support).
⏱️ If Already Holding: Exit near ₹1,080–1,090 if momentum stalls. If price sustains above ₹1,115 with strong volume, hold for further upside. Exit immediately if price breaks below ₹1,035 with heavy selling pressure.
Positive
- Strong ROCE (21.0%) and ROE (14.2%) indicate efficient capital use.
- EPS at ₹17.9 shows solid earnings strength.
- PEG ratio at 1.07 suggests reasonable valuation relative to growth.
- DII holding increased (+0.13%), reflecting domestic institutional support.
Limitation
- Stock trading below both 50 DMA and 200 DMA indicates weak trend.
- High P/E of 59.5 compared to industry average of 31.8 suggests overvaluation.
- MACD strongly negative (-38.4), showing bearish undertone.
- Dividend yield at 0.04% offers negligible investor return.
Company Negative News
- Quarterly PAT declined from ₹52.8 Cr. to ₹47.1 Cr.
- FII holding decreased (-0.14%), showing reduced foreign investor confidence.
Company Positive News
- Quarterly profit variation at +1.75% shows slight improvement despite decline in absolute PAT.
- Strong fundamentals with high ROCE and ROE support long-term outlook.
Industry
- Industry PE at 31.8, lower than OLECTRA’s valuation, suggesting premium pricing.
- EV and electric bus sector remains growth-oriented, supported by government incentives and rising adoption trends.
Conclusion
⚖️ OLECTRA presents limited intraday potential with weak technicals. Entry near ₹1,050–1,055 with exit around ₹1,080–1,090 is advisable. Momentum indicators remain bearish, so aggressive trades should be avoided. Strict stop-loss at ₹1,035 is essential to manage risk. Best suited for cautious intraday traders.