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Turning Bullish: Olectra Greentech
OLECTRA GREENTECH LTD
Long
Turning Bullish: Olectra Greentech
By shanmurali
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Oct 10
3
Oct 10
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 Patterns
Fundamental Analysis
Technical Indicators
shanmurali
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