The stock has been under pressure following a disappointing Q4 performance. The company had reported a net loss of Rs 870 crore in the March quarter, more than double the Rs 416 crore loss from a year earlier. Revenue from operations declined 62% year-on-year to Rs 611 crore, as vehicle deliveries dropped to 51,375 units from 1.15 lakh.
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EBITDA margins also took a hit, with the auto segment margin falling to -78.6% from -9.3% and consolidated EBITDA margin worsening to -101.4%. However, gross margins improved to 19.2%, aided by higher adoption of the Gen-3 platform, which offers better performance at lower costs.For the full year, Ola Electric delivered 3.59 lakh vehicles, up from 3.29 lakh in FY24. Adjusted revenue for FY25 stood at Rs 4,665 crore, with a consolidated EBITDA margin of -34.6%.
Technical View
Drumil Vithlani, Technical Research Analyst at Bonanza, said, “Ola Electric is trading at an all-time low with strong volume support, confirming a bearish setup. The RSI is below 30, indicating oversold territory. While a short-term bounce can’t be ruled out, the broader trend remains negative unless the stock reclaims Rs 45. Any recovery should be viewed as a selling opportunity, with a downside target of Rs 38.”Also Read: Brokerages initiate coverage on Delhivery, 7 other stocks; up to 33% upside seenMandar Bhojane, Equity Research Analyst at Choice Broking, added, “OLAELEC stock continues to remain under pressure, with a persistent bearish undertone visible in its price action. It trades below all major EMAs—20-day and 50-day—indicating a long-term downtrend with no strong signs of reversal yet.”
He noted that despite a brief spike in volumes in June, the stock failed to sustain any meaningful rally. “Today’s volume is near average, but price action remains indecisive. The downtrend may continue unless the stock closes and sustains above its 20 and 50-day EMAs with strong volume. A decisive move above Rs 43–47 is needed to confirm a trend reversal,” Bhojane said.
“As per trading strategy, avoid fresh entries until a confirmed reversal. For investors, hold only if already invested with a strict stop-loss below Rs 35. Fresh long-term investment is not advisable at the current structure,” he added.
On Thursday, the stock also hit a record low after 1.29 million shares changed hands in a block trade on the BSE. Last month, Hyundai Motor Company offloaded a 3.23% stake in a Rs 731 crore block deal at an average price of Rs 51.40.
The stock is down 11% over the last three months, 43% year-to-date, and 50% in the past six months. Ola Electric’s current market capitalisation stands at Rs 17,638.9 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)