Wednesday, December 2, 2020

OLECTRA | Multibagger | Stock Price Outlook

 

Olectra Greentech

Stock/Share Price: 74


➽ In this article we will discuss recent development in the StockShare of OLECTRA in the Stock Market. Olectra Greentech is engaged in the Business of Power Insulators and Electric Bus.


Key  Summary


Promoters unpledged 11.9% of shares in last quarter. Total pledge stands at 2.68% of promoter holdings

Promoters have decreased holdings from 61.5% to 61.31% in Sep 2020 qtr

FII/FPI have increased holdings from 3.0% to 3.06% in Sep 2020 qtr.

Number of FII/FPI investors decreased from 7 to 6 in Sep 2020 qtr

Institutional Investors have increased holdings from 3.04% to 3.1% in Sep 2020 qtr.



Technical Chart & Price Outlook




Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. So long position in the stock can be made for the potential level of 114 in short term , 189 in mid term and 314 in long term time period. Hold stock firmly with above prescribed targets.


Recent Valuation Summary


Strong Annual EPS Growth

Growth in Net Profit with increasing Profit Margin (QoQ)

Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Company with Low Debt

Book Value per share Improving for last 2 years

Company with decreasing Promoter pledge

FII / FPI or Institutions increasing their shareholding

Strong Momentum: Price above short, medium and long term moving averages




Thanks for your Precious Time.


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r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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