Sunday, July 25, 2021

OLECTRA | Stock Analysis & Price Outlook

    

investment , finvestonline.com

Olectra Greentech Ltd

CMP 242


➽  Olectra Greentech Ltd is the largest manufacturer and suppliers of Heat Shrinkable Telecom Cable Closures and other Telecom accessories in India.The company is also engaged in the manufacture of Composite Insulators & Telecom Cable Jointing Kits. They also have ambitious plans to manufacture and develop value added products in the Power sector & Railways, featuring exclusive characteristics that exceed all the present requirements of the utility business around the world at most competitive pricing.


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➽ Key Stat

Growth in Net Profit with increasing Profit Margin (QoQ)

Company with Low Debt

Increasing Revenue every quarter for the past 3 quarters

Increasing profits every quarter for the past 3 quarters

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge


➽ Recent Shareholdings

Promoters have decreased holdings from 55.67% to 55.61% in Jun 2021 qtr

FII/FPI have increased holdings from 3.01% to 3.13% in Jun 2021 qtr.

Number of FII/FPI investors increased from 6 to 14 in Jun 2021 qtr.

Institutional Investors have increased holdings from 3.05% to 3.93% in Jun 2021 qtr.


 Technical & Price Levels

Strong Performer: Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation

Moving Averages Bullish

Technical Indicators Neutral

Moving Averages Crossovers Bullish

Bullish Momentum - Above Short, Medium and Long Term Moving Averages

Make long position for the levels of 264 -304 in short to mid term.


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Thanks for your Precious Time.


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Disclaimer- 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.  Please remember that this is a blog, and you do not need to agree with anything I write.We are not SEBI registered financial advisor or analyst.


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