OLAELEC - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 2.4
| Stock Code | OLAELEC | Market Cap | 10,352 Cr. | Current Price | 23.5 ₹ | High / Low | 71.2 ₹ |
| Book Value | 25.0 ₹ | Dividend Yield | 0.00 % | ROCE | 0.59 % | ROE | -0.58 % |
| Face Value | 10.0 ₹ | DMA 50 | 29.1 ₹ | DMA 200 | 42.1 ₹ | Chg in FII Hold | 0.84 % |
| Chg in DII Hold | 0.50 % | PAT Qtr | -32.0 Cr. | PAT Prev Qtr | -14.0 Cr. | RSI | 36.4 |
| MACD | -1.70 | Volume | 4,32,58,377 | Avg Vol 1Wk | 6,07,30,495 | Low price | 21.2 ₹ |
| High price | 71.2 ₹ | Debt to equity | 0.04 | 52w Index | 4.54 % | Qtr Profit Var | -197 % |
| EPS | -0.26 ₹ | Industry PE | 27.7 |
📊 OLAELEC is currently a weak candidate for swing trading. The fundamentals are poor with negative ROE (-0.58%), very low ROCE (0.59%), and consistent quarterly losses. Technical indicators also show bearish momentum (RSI 36.4, MACD negative, price below both 50 DMA and 200 DMA). The optimal entry price would be near ₹22–₹23, close to its support zone. If already holding, consider exiting near ₹28–₹30, where resistance from the 50 DMA is expected.
✅ Positive
- Low debt-to-equity ratio (0.04) indicates minimal leverage.
- Book value (₹25) is slightly above current price, offering some valuation support.
- FII (+0.84%) and DII (+0.50%) holdings increased, showing institutional interest despite weak fundamentals.
⚠️ Limitation
- No P/E ratio available due to negative earnings.
- Dividend yield is 0%, offering no passive income.
- Stock trading below both 50 DMA (₹29.1) and 200 DMA (₹42.1), signaling bearish trend.
- High volatility with wide 52-week range (₹21.2–₹71.2).
📉 Company Negative News
- Quarterly losses widened from -₹14 Cr. to -₹32 Cr. (profit variation -197%).
- EPS is negative (-₹0.26), showing lack of profitability.
- Weak ROCE and ROE highlight poor capital efficiency.
📈 Company Positive News
- Institutional investors (FII and DII) have marginally increased holdings.
- Low debt levels provide financial flexibility.
🏭 Industry
- Industry P/E at 27.7 highlights that profitable peers are valued higher.
- EV industry has strong long-term growth potential, but OLAELEC is struggling to achieve profitability.
📝 Conclusion
OLAELEC is not a strong swing trade candidate due to weak fundamentals and bearish technicals. Entry is only advisable near ₹22–₹23 for speculative traders, with exit around ₹28–₹30 if already holding. Long-term investors should wait for profitability and stronger financial performance before considering significant exposure.