OLAELEC - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 2.4
| Stock Code | OLAELEC | Market Cap | 16,055 Cr. | Current Price | 36.4 ₹ | High / Low | 71.2 ₹ |
| Book Value | 25.0 ₹ | Dividend Yield | 0.00 % | ROCE | 0.59 % | ROE | -0.58 % |
| Face Value | 10.0 ₹ | DMA 50 | 32.5 ₹ | DMA 200 | 40.0 ₹ | Chg in FII Hold | -0.08 % |
| Chg in DII Hold | -0.27 % | PAT Qtr | -32.0 Cr. | PAT Prev Qtr | -14.0 Cr. | RSI | 57.7 |
| MACD | 2.16 | Volume | 6,10,32,218 | Avg Vol 1Wk | 6,22,47,324 | Low price | 21.2 ₹ |
| High price | 71.2 ₹ | Debt to equity | 0.04 | 52w Index | 30.4 % | Qtr Profit Var | -197 % |
| EPS | -0.26 ₹ | Industry PE | 31.7 |
OLA Electric (OLAELC) currently shows weak fundamentals and unstable technicals for swing trading. The RSI at 57.7 indicates neutral momentum, while MACD is mildly positive (2.16), suggesting short-term bullishness. However, the company is loss-making with negative EPS (-0.26 ₹) and poor ROE (-0.58%). The current price (₹36.4) is above the 50 DMA (₹32.5) but below the 200 DMA (₹40.0), reflecting limited upside potential.
🎯 Optimal Entry Price
Entry is only favorable near ₹32–34, close to the 50 DMA support, provided volume sustains and MACD remains positive.
📈 Exit Strategy
If already holding, consider exiting near ₹40–42 (200 DMA resistance). A breakout above ₹45 would be required for stronger bullish confirmation.
✅ Positive
- Low debt-to-equity ratio (0.04) indicates minimal leverage risk.
- Strong trading volumes, slightly above weekly average, show active market participation.
- Book value (₹25) provides some valuation support.
⚠️ Limitation
- Negative EPS (-0.26 ₹) and loss-making status.
- Weak ROCE (0.59%) and negative ROE (-0.58%).
- No dividend yield, reducing investor appeal.
📉 Company Negative News
- Quarterly PAT worsened from -₹14 Cr. to -₹32 Cr.
- Quarterly profit variation at -197% shows severe financial instability.
- FII (-0.08%) and DII (-0.27%) holdings declined, signaling reduced institutional confidence.
📈 Company Positive News
- Strong trading activity with high liquidity.
- Stock has rebounded from its 52-week low (₹21.2), showing some investor interest.
🏭 Industry
- Industry P/E at 31.7 highlights premium valuations in the EV sector.
- EV industry growth potential remains high, supported by government incentives and rising adoption.
🔎 Conclusion
OLA Electric is not an ideal swing trade candidate due to weak fundamentals and loss-making status. Entry near ₹32–34 is only suitable for high-risk traders, with exit around ₹40–42. Sustained profitability and stronger technical confirmation are needed before considering it a reliable swing trade opportunity.