OLAELEC - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 2.4
| Stock Code | OLAELEC | Market Cap | 13,670 Cr. | Current Price | 31.0 ₹ | High / Low | 77.0 ₹ |
| Book Value | 25.0 ₹ | Dividend Yield | 0.00 % | ROCE | 0.59 % | ROE | -0.58 % |
| Face Value | 10.0 ₹ | DMA 50 | 37.3 ₹ | DMA 200 | 47.8 ₹ | Chg in FII Hold | 0.84 % |
| Chg in DII Hold | 0.50 % | PAT Qtr | -14.0 Cr. | PAT Prev Qtr | -11.0 Cr. | RSI | 33.1 |
| MACD | -1.89 | Volume | 6,98,71,077 | Avg Vol 1Wk | 5,61,02,945 | Low price | 30.5 ₹ |
| High price | 77.0 ₹ | Debt to equity | 0.04 | 52w Index | 1.22 % | Qtr Profit Var | -27.3 % |
| EPS | -0.11 ₹ | Industry PE | 30.0 |
📊 OLAELEC currently shows weak fundamentals and bearish technicals, making it a risky candidate for swing trading. The stock is trading at ₹31.0, well below its 50 DMA (₹37.3) and 200 DMA (₹47.8), indicating strong downward momentum. RSI at 33.1 is near oversold territory, but MACD at -1.89 confirms bearish sentiment. With negative EPS (-₹0.11) and losses widening, caution is advised. Optimal entry would only be near ₹30–₹31 for speculative trades. If already holding, consider exiting near ₹36–₹38, where minor resistance from the 50 DMA exists.
✅ Positive
- Low debt-to-equity ratio (0.04) indicates minimal leverage risk.
- Book value of ₹25 provides some valuation support.
- FII holdings increased (+0.84%) and DII holdings increased (+0.50%), showing institutional interest despite weak fundamentals.
- High trading volume suggests strong market activity.
⚠️ Limitation
- Negative EPS (-₹0.11) reflects unprofitable operations.
- ROCE (0.59%) and ROE (-0.58%) are extremely weak.
- Dividend yield is 0%, offering no income return.
- Stock trading far below both 50 DMA and 200 DMA shows bearish trend.
📉 Company Negative News
- Quarterly losses widened (PAT -₹14 Cr. vs -₹11 Cr.).
- Quarterly profit variance (-27.3%) highlights deteriorating performance.
- 52-week index at 1.22% shows poor relative strength compared to peers.
📈 Company Positive News
- Institutional investors (FII +0.84%, DII +0.50%) have marginally increased holdings.
- Strong trading activity indicates liquidity in the stock.
🏭 Industry
- Industry PE at 30.0 highlights sector optimism, but OLAELEC lacks profitability to justify valuation.
- EV sector has long-term growth potential, but current fundamentals remain weak.
🔎 Conclusion
OLAELEC is a weak swing candidate with poor fundamentals and bearish technicals. Entry near ₹30–₹31 is only suitable for speculative traders with strict risk management. Exit near ₹36–₹38 is advisable if already holding, as resistance is expected near the 50 DMA. Long-term sustainability remains questionable until profitability improves.