Turning Bullish: Olectra Greentech

Stock Fundamentals:
  • Olectra Greentech Limited is primarily engaged in the manufacturing of composite polymer insulators (12.5%) and electrical buses (87.5%)
  • Market Cap: ₹ 14,040 Cr.
  • Stock P/E: 170; Book Value: ₹ 111;
  • ROCE: 14.8 %; ROE: 8.77 %; OPM %: 14%
  • Olectra has delivered good profit growth of 46.6% CAGR over last 5 years.


Technical Trends
  • Olectra has turned bullish.
  • 20EMA has just crossed 50EMA with decent volume.
  • A couple of days back, it took strong support from 1655 levels and trading near 1708 levels currently.
  • Resistance levels: 1740, 1803, 1955
  • Support levels: 1655, 1606, 1555, 1522


Chart PatternsFundamental AnalysisTechnical Indicators

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