Olectra Greentech Share Price Jumps 33% in a Month: Breakout or Bubble? Full Stock Analysis Inside

July 24, 2025 | Markets & Equity | By News 24 Media

🚀 Olectra Greentech Share Price Surges 33% in a Month: What Should Investors Do Now?

Olectra Greentech Ltd has been making headlines on Dalal Street, with Olectra Greentech share price climbing a stunning 19.77% intraday to reach a high of Rs 1,590, before settling at Rs 1,550—a whopping 33.67% gain in just the last month. This electrifying rally has prompted investors to ask: Is this just the beginning, or is it time to book profits?

📊 Olectra Greentech share price- 5-Year Performance Snapshot

The long-term chart of Olectra Greentech share price shows staggering growth. The stock has skyrocketed by +2,360.32% in the past five years, from a modest level to now trading around Rs 1,550. In August 2024, it hit a peak of Rs 1,561.90, which it’s now approaching again.

Metric	Value
Current Price	Rs 1,550
52-Week High/Low	Rs 1,787 / Rs 989.95
Market Cap	Rs 12,722.51 crore
P/E Ratio	88.09
P/B Value	12.48
EPS	Rs 17
RoE	14.17%
1-Year Beta	1.4 (High Volatility)

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📈 Technical Breakout: What’s Fueling the Rally?

According to analysts, Olectra Greentech share price has broken out of an ascending triangle pattern on the daily chart. This bullish signal, confirmed by the highest trading volumes in recent months, suggests that the stock is in momentum mode.

• RSI (14-day): 82.20 (indicating overbought levels)
• Support Zone: Rs 1,338 – Rs 1,350
• Resistance Zone: Rs 1,555 – Rs 1,600

“The expected short-term targets are Rs 1,600, with a stop loss of Rs 1,410,” said a technical expert.

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📉 But Caution Ahead? Overbought Signals and Valuation Concerns

Despite the bullish outlook, not everyone is all-in. The author has flagged caution:

“Olectra Greentech is in an overbought zone. A daily close below Rs 1,338 could lead to a sharp fall to Rs 1,120 in the near term.”

Even a reputed analyst advises a wait-and-watch approach for new investors, recommending existing holders consider booking partial profits.

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🏢 Business Fundamentals: Backed by EV Boom and Green Tech Focus

Olectra Greentech, a subsidiary of Megha Engineering & Infrastructures Ltd (MEIL), is India’s largest electric bus manufacturer and composite insulator producer. It’s riding the green mobility and infrastructure boom.

🔋 Business Highlights:

• Major contracts with government-run bus networks.
• Expanding manufacturing capabilities in EV and power equipment.
• High promoter holding: 50.02% as of June 2025.

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📌 Should You Buy, Sell, or Hold?

✅ Buy, If:

• You’re a long-term investor bullish on India’s EV & clean energy growth.
• You’re comfortable with high volatility and can absorb near-term corrections.

⚠️ Sell/Book Partial Profits, If:

• You bought at lower levels and want to lock in recent gains.
• You’re wary of the overbought RSI and resistance around Rs 1,555.

❌ Avoid Fresh Entry, If:

• You’re a short-term trader looking for quick profits.
• You’re risk-averse or cannot monitor the market closely.

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📢 Final Word

The Olectra Greentech share price rally is backed by strong fundamentals and the broader green transition push. However, technical indicators warn of overheating. A tactical, staggered approach—booking some profits while holding core positions—might be the wisest course as the stock nears resistance zones.

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