OLAELEC - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 2.8
| Stock Code | OLAELEC | Market Cap | 19,546 Cr. | Current Price | 42.3 ₹ | High / Low | 71.2 ₹ |
| Book Value | 24.8 ₹ | Dividend Yield | 0.00 % | ROCE | -0.21 % | ROE | -1.03 % |
| Face Value | 10.0 ₹ | DMA 50 | 38.7 ₹ | DMA 200 | 40.0 ₹ | Chg in FII Hold | 1.04 % |
| Chg in DII Hold | 3.96 % | PAT Qtr | -55.8 Cr. | PAT Prev Qtr | -31.6 Cr. | RSI | 53.7 |
| MACD | 1.95 | Volume | 8,02,65,299 | Avg Vol 1Wk | 14,51,99,328 | Low price | 21.2 ₹ |
| High price | 71.2 ₹ | Debt to equity | 0.03 | 52w Index | 42.1 % | Qtr Profit Var | -0.22 % |
| EPS | -0.26 ₹ | Industry PE | 37.5 |
Analysis: OLAELEC shows weak swing trade potential. The RSI at 53.7 indicates neutral momentum, while MACD at 1.95 suggests mild bullishness. Current price (42.3 ₹) is above both 50 DMA (38.7 ₹) and 200 DMA (40.0 ₹), showing short-term strength. However, fundamentals are poor with negative ROCE (-0.21%) and ROE (-1.03%), alongside consistent losses (PAT -55.8 Cr vs -31.6 Cr). Despite strong trading volumes and institutional buying (FII +1.04%, DII +3.96%), profitability remains a major concern.
Optimal Entry Price: Around 40–41 ₹, closer to support levels.
Exit Strategy: If already holding, consider exiting near 47–50 ₹ resistance unless profitability outlook improves.
✅ Positive
- 📈 Strong institutional support (FII +1.04%, DII +3.96%).
- 📊 Low debt-to-equity ratio (0.03), indicating financial stability.
- 📉 Current price above both 50 DMA and 200 DMA, showing short-term strength.
⚠️ Limitation
- 📉 Negative ROCE (-0.21%) and ROE (-1.03%).
- ⚠️ Consistent losses with negative EPS (-0.26 ₹).
- 📊 No dividend yield, limiting investor returns.
📉 Company Negative News
- 📉 PAT worsened to -55.8 Cr from -31.6 Cr.
- ⚠️ Profit variation negative (-0.22%).
📈 Company Positive News
- 📈 Institutional investors increased holdings significantly.
- 📊 Strong trading volumes, indicating active market interest.
🏭 Industry
- 🚗 Industry PE at 37.5, but OLAELEC has no positive earnings to compare.
- 📊 EV sector has long-term growth potential, supported by government incentives and rising adoption.
🔎 Conclusion
⚖️ OLAELEC is a weak swing trade candidate due to poor fundamentals and consistent losses. Entry near 40–41 ₹ offers limited upside, while exit near 47–50 ₹ is advisable. Institutional support and EV sector growth provide some optimism, but profitability remains the key risk.
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