Ola Electric: The electrical conveyance (EV) maker's income successful June dropped sharply, pinch 20,189 units sold — a steep 45 per cent diminution year-on-year (YoY), arsenic per Vahan information compiled connected July 1.
Shares of Ola Electric Mobility continued their downward move for nan 3rd consecutive convention connected Wednesday. The banal slipped 1.52 per cent to deed a caller all-time debased of Rs 40.15. It yet settled 0.91 per cent little astatine Rs 40.40. At this closing price, nan scrip has cracked 53.15 per cent connected a year-to-date (YTD) basis.
The electrical conveyance (EV) maker's income successful June dropped sharply, pinch 20,189 units sold — a steep 45 per cent diminution year-on-year (YoY), arsenic per Vahan information compiled connected July 1. Its marketplace stock besides saw a important fall, sliding from 46 per cent successful June 2024 to 19 per cent successful June 2025.
On nan financial front, Ola Electric's consolidated nett nonaccomplishment widened to Rs 870 crore successful Q4 FY25 from Rs 416 crore a twelvemonth ago, while gross from operations declined 59.48 per cent YoY to Rs 611 crore from Rs 1,508 crore successful nan aforesaid 4th past year.
A fewer analysts suggested that nan antagonistic looked 'bearish' successful nan adjacent term.
"Ola Electric is presently trading astatine an all-time low. Additionally, nan autumn successful value is accompanied by accordant volume, adding confirmation to nan bearish setup. From a method standpoint, nan banal is profoundly oversold, suggesting that while downside momentum is strong, a short-term bounce cannot beryllium ruled out. However, nan broader inclination remains antagonistic arsenic agelong arsenic nan value stays beneath Rs 45," said Drumil Vithlani, Technical Research Analyst astatine Bonanza.
"Any rebound should beryllium viewed arsenic a trading opportunity, pinch imaginable downside targets placed astatine Rs 38 and little successful nan adjacent term. Caution is advised and traders should refrain from initiating caller positions until a beardown reversal awesome emerges," he besides said.
The banal touched its caller all-time debased and is indicating a bearish outlook, noted Osho Krishan, Senior Analyst – Technical & Derivative Research astatine Angel One. He recommended staying distant from nan antagonistic for now, unless a clear betterment emerges.
Founded successful 2017, Ola Electric chiefly manufactures EVs and definite halfway components specified arsenic artillery packs, motors and conveyance frames astatine nan Ola Futurefactory. As of March 2025, promoters held a 36.78 per cent liking successful nan electrical two-wheeler (E2W) player.
Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.
Published on: Jul 9, 2025 5:04 PM IST