Olectra Greentech Ltd. Stock Analysis for the Last Month

This analysis provides an overview of the Olectra Greentech Ltd. stock activities over a one-month period, tailored for professional traders looking to gain insights into stock performance and market trends. For a deeper understanding of stock trading concepts, you can explore the following resources:

As of November 22, 2024, the share price of Olectra Greentech is ₹1,409.60, marking a 1.17% decrease from the previous day[^1].

Price Movement

The stock has shown varied performance over different time frames:

Last 1 Week: The share price increased by 6.62%[^1].
Last 1 Month: A rise of 8.32% is observed[^1].
Last 3 Months: Despite the recent gains, the stock has decreased by 4.79% over the last quarter[^1].

Historical Price Data

Below is a snapshot of significant price movements in the past month:

October 22, 2024: Price was ₹1,619.55, reaching a high of ₹1,733.15 and a low of ₹1,607.60[^2].
October 21, 2024: The price recorded was ₹1,726.85, with fluctuations between ₹1,738.80 and ₹1,690.00[^2].
Recent High: Achieved on November 21, 2024, at ₹1,734.25 with a low of ₹1,384.45[^3].

Trading Volume and Value

Understanding volume can reflect market interest:

20-Day Average Volume: 932,879 shares, suggestive of moderate trading activity[^3].
November 21, 2024: Traded 443,228 shares with a total value of ₹6,321.54 lakhs[^3].

For further insight on trading volumes, visit Trading Volume and Liquidity in Day Trading.

Financial Performance

The company's financial health is robust:

September 2024: Standalone net sales reported at ₹514.07 crore, marking a significant 72.59% increase YoY[^3].
Quarter Ending June 2024: Consolidated net sales stood at ₹313.94 crore, up by 45.33% YoY[^3].

Explore more about interpreting financial metrics at Analyzing Stocks for Investment.

Technical Indicators

Technical indicators provide a glimpse into market trends and stock performance potential:

MACD Crossover: Observed on October 11, 2024, typically indicating a 10.44% average price gain within 10 days over the last decade[^1].
White Marubozu Pattern: Noted on October 1, 2024, signaling bullish momentum[^1].

For more on technical analysis, visit How to Read Stock Charts.

Market Capitalization and Other Metrics

Vital statistics as of the latest metrics:

Market Capitalization: ₹11,707 crores[^3].
52-Week High/Low: ₹2,221.95 and ₹1,177.45 respectively[^3].
Book Value per Share: ₹111.29 and a dividend yield of 0.03%[^3].

For more on understanding these values, check out Understanding Stock Volatility.

This comprehensive overview should guide traders in making informed investment decisions regarding Olectra Greentech Ltd., factoring in recent price movements, trading activity, and financial health.

[^1]: Refers to data snapshot specifically attributed for short-term performance analysis.
[^2]: Historical data points exemplifying price fluctuation over specific days.
[^3]: Indicates broader metrics related to trading volume, financial performance, and other metrics.

Analysis of Olectra Greentech Ltd. Stock: A Professional Trader's Perspective

This analysis is based on the performance and financial data of Olectra Greentech Ltd. over the past year. For any trader or investor looking to assess the viability of investing in this company, considering various financial metrics and market trends is crucial. Below is a detailed examination using the latest data available.

Stock Performance

Long-term Growth: Olectra Greentech has showcased remarkable growth, with the stock appreciating by 815% over five years and 131.16% over the last three years. Such figures indicate resilience and potential for long-term investment benefits.
Short-term Volatility: In the more immediate term, the stock has experienced some corrections. Over the last six months, it has decreased by 6%, with a further decline of 3.22% over three months and 1.61% in the last month.

Recent Financials

Quarterly Performance: For the September 2024 quarter, Olectra Greentech reported a 156% increase in net profit, reaching Rs 47.7 crore from Rs 18.6 crore the same period last year. Revenue surged by 70.5% to Rs 523.7 crore compared to the September 2023 quarter. Notably, EBITDA rose to Rs 81.2 crore from Rs 40.6 crore the previous year.
Revenue Trends: In the June 2024 quarter, revenue saw a 45.33% growth to Rs 3.14 billion.

Revenue and Growth

Annual Figures: The fiscal year ending March 31, 2024, reported an annual revenue of Rs 11.54 billion, marking a 5.81% growth. However, TTM revenue was Rs 12.52 billion, showing a robust 22.07% year-over-year increase.

External Links and Learning Resources

For an understanding of stock trading fundamentals, please refer to Stock Market Basics for Beginners and Analyzing Stocks for Investment.
Explore the dynamics of Long vs Short Stock Trading for better financial decisions.

Market and Technical Indicators

Price Movements: The stock reached a record high of Rs 2,222 on February 22, 2024, and a low of Rs 1,017.60 on October 26, 2023.
Technical Analysis: With an RSI of 47.2, the stock is neither oversold nor overbought; this suggests stability moving forward. Its one-year beta is 1.1, indicating low volatility.
Moving Averages: The stock is trading below various moving averages: 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 200-day, suggesting caution for short-term traders.

Brokerage Recommendations

JM Financial: Recommends a buy with a target of Rs 2,200, based on expansion plans in Hyderabad, collaboration with BYD, and a robust order book.
SBI Securities: Also views the stock favorably, suggesting accumulation within Rs 1,697-1,732.2, targeting Rs 1,972.3.

Business Operations

Strategic Segments: Olectra Greentech excels in two main domains—Composite Polymer Insulators and Electric Buses. As India's largest manufacturer of silicone rubber/composite insulators, it has been at the forefront of introducing electric buses since 2015.

Market Capitalization and Valuation

The company's market capitalization is Rs 13,722 crore. With a P/E ratio of 162.78 and a P/B ratio of 16.39, it reflects premium valuation, as compared to peers.

For further insights on trading techniques, you can explore professional resources such as Stock Trading Strategies for Beginners and Advanced Stock Trading Techniques.

In conclusion, Olectra Greentech Ltd. presents a promising avenue for traders and investors with its substantial growth record, strategic ventures, and optimistic brokerage endorsements. However, given the current market conditions and stock's technical indicators, cautious optimism is warranted when considering short-term engagements.

Disclaimer: This information material (regardless of whether it reflects opinions or not) is intended solely for general information purposes. It does not constitute independent financial analysis and is not financial or investment advice. It should not be relied upon as a decisive basis for an investment decision. This information material is never to be understood as GlazHome/CostGame recommending or deeming the acquisition or disposal of certain financial instruments, a particular timing for an investment decision, or a specific investment strategy suitable for any particular person. In particular, the information does not take into account the individual investment goals or financial circumstances of any individual investor. The information has not been prepared in accordance with the legal requirements designed to promote the independence of financial analysis and is therefore considered a marketing communication. Although GlazHome/CostGame is not expressly prevented from acting before providing the information, GlazHome/CostGame does not seek to gain an advantage by disseminating the information beforehand.

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