INSUBCONTINENT EXCLUSIVE:
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
continuing a downward trend that has seen the stock fall a staggering 73.37% from its 52-week high of Rs 157.40
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
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
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
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.
