Institutional shifts: The September quarter shareholding pattern reveals contrasting moves among big investors. Foreign Portfolio Investors (FPIs) trimmed their stake sharply — down from 4.47% to 3.24% — reflecting waning global confidence in the EV maker.
In contrast, domestic Mutual Funds took a contrarian view, raising their holdings from 2.56% to 5.51%, possibly betting on long-term recovery prospects.
Meanwhile, promoters kept their holding steady at 36.78% but pledged 8.25% of their stake during the September quarter — often a sign of liquidity stress or funding requirements.
Financially, Ola Electric continues to bleed. The company posted a net loss of Rs 418 crore in Q2 FY26 (September 2025 quarter), from a Rs 428 crore loss in the previous quarter. Losses have narrowed slightly year-on-year but still remain substantial compared to the Rs 495 crore loss in the same quarter last year.
Revenue trends are equally worrying — net sales slipped to Rs 756 crore, representing a 15% sequential decline and a 43% drop year-on-year.
On the technical front, the picture looks grim. The stock is trading below all major moving averages — from the 5-day to the 200-day SMA — signaling a strong bearish trend. However, there might be a glimmer of hope for bargain hunters: the Relative Strength Index (RSI) stands at 18.6, well below the 20-level considered “strongly oversold.” This could indicate the potential for a short-term rebound if buyers step in.While mutual fund buying and the oversold signals hint at a possible technical bounce, the company’s fundamental challenges — continued losses, declining sales, and promoter pledges — paint a cautious picture. Unless Ola Electric can spark a turnaround in profitability and growth, investor sentiment may take longer to recharge.
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