Why is Olectra Greentec falling/rising?
As of 22-Aug, Olectra Greentech Ltd's stock price is 1,554.65, up 1.66%, with strong recent performance and a low debt-to-equity ratio of 0.02, indicating financial stability. The stock has outperformed the Sensex significantly over the past week and month, reflecting robust growth in net sales and operating profit.
As of 22-Aug, Olectra Greentech Ltd's stock price is currently at 1,554.65, reflecting an increase of 25.35, or 1.66%. The stock has shown strong performance recently, gaining 6.73% over the last four days and outperforming its sector by 3.37% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 36.84% compared to the 5-day average, the company maintains a low debt-to-equity ratio of 0.02 times, indicating financial stability. Additionally, Olectra has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 58.32% and operating profit at 63.90%.In the broader market context, Olectra Greentech's stock has outperformed the Sensex, with a 5.79% increase over the past week compared to the benchmark's 0.88% rise. Over the past month, the stock has surged by 22.32%, while the Sensex has decreased by 1.07%. This indicates that Olectra is not only performing well in isolation but is also gaining traction relative to the overall market, contributing to its rising stock price.
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