Investor sentiment has been buoyed by key advancements. The company recently readied its in-house LFP battery for production—an important step that could significantly reduce EV costs and accelerate adoption. Additionally, Ola secured PLI certification for a key model, enhancing its eligibility for government incentives.
Operationally, the business is showing signs of revival. March 2026 witnessed a sharp rebound in demand, with a notable surge in both orders and registrations—pointing toward a potential turnaround in performance.
In a landmark achievement, Ola Electric also became the first EV company in India to cross 1 million cumulative vehicle registrations, as per VAHAN data. This milestone not only highlights the company’s scale but also marks a pivotal moment for India’s fast-growing electric vehicle ecosystem.
However, concerns around fundamentals continue to linger. The company remains loss-making, reporting a consolidated net loss of around Rs 487 crore in the December quarter. Revenue trends have also been under pressure, declining steadily from Rs 896 crore in June 2025 to Rs 756 crore in September, and further to Rs 504 crore in December—raising questions about the sustainability of recent momentum.
On the institutional front, sentiment appears cautiously optimistic. FII holdings inched up to 4.08% in December 2025 from 3.24% in the previous quarter, while mutual fund exposure remained steady at 5.5%, indicating measured confidence rather than aggressive accumulation.
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From a technical perspective, the stock is flashing mixed signals. Its RSI (14) stands at 71.8—above the overbought threshold of 70—suggesting the possibility of a near-term pullback. While the stock is trading above 7 of its 8 key moving averages, it still remains below the crucial 200-day SMA, indicating that long-term trend strength is yet to be firmly established.
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