Ola Electric Stock Down By More Than 6% Today After Block Deal
By Ankur Chandra | Published at: Jun 3, 2025 01:39 PM IST
MUMBAI, June 3, 2025: Shares of Ola Electric Mobility Ltd (NSE: OLAELEC) saw a sharp decline of 6.69% on Tuesday, reaching ₹50.05. The stock fell ₹3.64 in a single trading session, hurting investor wealth significantly. The fall takes the stock price closer to its 52-week low of ₹45.35, a sharp decline from its post-listing high of ₹157.40. The block deal involved shares worth 3.2% of the equity of the company.
Although the stock saw substantial investor participation, the share price still fell sharply. This signals growing concern over the company’s financial health. A staggering 20.09 crore shares were traded in the early market session, accounting for a traded value of ₹1,018.62 crore.
Price Performance Snapshot
| Date | Price (₹) | % Change |
|---|---|---|
| 03-Jun-2025 | 50.05 | -6.69% |
| 02-Jun-2025 | 53.68 (Closing) | – |
| 30-May-2025 | 50.96 (Closing) | – |
- Day’s Trading Range: ₹49.83 – ₹52.00
- Previous Day’s Close: ₹53.68
- Volume Weighted Average Price (VWAP): ₹50.69
- 52-Week Range: ₹45.35 (Low) – ₹157.40 (High)
The consistent downward movement indicates a lack of strong buying support even as the stock approaches technical support zones.
Market Metrics
| Metric | Value |
|---|---|
| Traded Volume (Shares) | 20.09 crore |
| Traded Value | ₹1,018.62 crore |
| Market Capitalisation | ₹22,274.69 crore |
| Free Float Market Cap | ₹4,497.14 crore |
| % of Deliverable Quantity | 23.71% |
| Applicable Margin Rate | 22.97% |
| Daily Volatility | 2.96% |
| Annualised Volatility | 56.55% |
Ola Electric continues to trade in the Normal Market segment and still remains a part of the Nifty Midcap 100 index. The company falls under the 2/3 Wheelers category and has shown extremely high volatility, with the price varying by over 100% in the last six months.
Financial Snapshot
The company’s financial results have shown a decline in performance. Despite clocking over ₹72,800 lakh in consolidated income for FY25, Ola Electric posted a net loss of ₹87,000 lakh. The EPS stood at a negative ₹1.97, signalling deep operational inefficiencies or high expense burn.
| Period | Total Income (₹ Lakh) | Net Profit/Loss (₹ Lakh) | EPS (₹) |
|---|---|---|---|
| FY25 (Consolidated) | 72,800 | -87,000 | -1.97 |
| FY25 (Standalone) | 4,700 | -5,600 | -0.13 |
| Q3 FY25 | 7,800 | 3,300 | 0.07 |
| Q2 FY25 | 5,300 | -1,100 | -0.03 |
| Q1 FY25 | 2,760 | -644 | -0.02 |
Shareholding Pattern (as of March 2025)
| Category | % Holding |
|---|---|
| Promoters & Promoter Group | 36.78% |
| Public | 57.95% |
| Employee Trusts | 5.27% |
The promoter holding has remained unchanged over the last three quarters. However, the high public shareholding suggests a wider retail investor base, which may be a reason for the stock’s recent volatility.
Strategic Outlook
For long-term investors, Ola Electric’s current course poses several concerns. Investor sentiment remains low because the stock is currently trading at a significantly lower price than its peak, and the company has not consistently generated steady earnings. The uncertainty is further increased by the fact that no new corporate announcements or strategic guidance have been released in recent weeks.
Updates on product pipelines, cost optimisation, or strategic funding initiatives that could increase investor confidence will be closely monitored by analysts and market participants. The stock is anticipated to remain under pressure until then, particularly as it hovers close to its lower circuit band of ₹42.94.
REF: https://www.nseindia.com/get-quotes/equity?symbol=OLAELEC
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