Shares of Ola Electric Mobility Ltd.
climbed nearly 4% to Rs 42.20 on Friday, recovering modestly after slipping for three straight days.
However, the stock remains near its 52-week low, indicating continued pressure from recent weak performance.
The companys market capitalisation is about Rs 18,455 crore.Over the past month, Ola Electrics stock has slipped by more than 15%, continuing a downward trend that has seen the stock fall a staggering 73.37% from its 52-week high of Rs 157.40.
The stock hit its 52-week low just recently, on July 3, 2025.Financial Performance: The companys latest quarterly results for the period ended March 31, 2025, revealed challenges with a Consolidated Total Income of Rs 728 crore, down 37.9% from the previous quarter and a sharp 56.4% decline compared to the same quarter last year.
Ola Electric reported a net loss after tax of Rs 870 crore for the quarter, highlighting ongoing operational and profitability pressures.Technical Analysis: From a technical standpoint, the 14-day Relative Strength Index (RSI) stands at 22.4, which is well below the oversold threshold of 30.
This suggests that the stock may be undervalued at current levels and could be due for a potential rebound.
However, the overall moving average trend remains bearish, as Ola Electric is trading below all eight key Simple Moving Averages (SMAs), from the short-term 5-day to the long-term 200-day averages.
This indicates continued downward momentum in the stock price.Shareholding Pattern: As of March 31, 2025, promoters held 36.78% of Ola Electrics shares, with 6.61% of that stake pledged.
Foreign Institutional Investors (FIIs) increased their holdings to 2.89%, up from 2.11% in December 2024, indicating a modest rise in foreign investor interest.
In contrast, Domestic Institutional Investors (DIIs) reduced their holdings from 4.54% to 2.93% during the same period, with mutual funds holding 2.61% of the shares.Valuation Metrics : Ola Electrics valuation metrics show a negative Price-to-Earnings (P/E) ratio of -7.87, reflecting current losses, while its Price-to-Sales (P/S) ratio stands at 5.18 and Price-to-Book (P/B) ratio at 3.48.