Ola Electric Stock Price Down by More Than 50% in the Past 6 Months
By Shishta Dutta | Published at: Jul 2, 2025 03:10 PM IST
Mumbai, July 2 (1:30 PM IST) – OLA Electric Mobility Ltd (NSE: OLAELEC) shares are down by more than 1% today, 2nd July. The price is around 52-week low level. With Wednesday’s slump, the stock has declined 51.89% in the past six months, from a close of ₹84.71 on January 2 to ₹41.23 on July 2.
The constant slump in prices demonstrates a decline in investor confidence in Ola’s core EV positioning and growth story. The stock may continue to decline unless strong support or positive news emerges.
At 01:30 PM, 2nd July the stock traded at ₹41.40 (1.50% down from the previous close).
Price Action Overview
| Metric | Value (₹) |
|---|---|
| Previous Close | 42.02 |
| Open | 42.40 |
| Day’s High | 42.59 |
| Day’s Low (52W Low) | 41.23 |
| Last Traded Price | 41.40 |
| VWAP | 41.80 |
| 52W High | 157.40 (20-Aug-2024) |
| 52W Low | 41.23 (02-Jul-2025) |
Market Activity & Order Flow
As of 11:30 IST:
- Buy Quantity: 29.35 lakh shares
- Sell Quantity: 52.89 lakh shares
- Trade Volume: 2.25 crore shares
- Turnover: ₹93.94 crore
The sell-side volume continues to outweigh demand, pressuring the stock downward.
Valuation Metrics
| Metric | Value |
|---|---|
| Market Cap | ₹18,243 crore |
| Free Float Market Cap | ₹4,159 crore |
| % Deliverables | 55% |
| Impact Cost | 0.05 |
| Applicable Margin | 22.64% |
| Index Inclusion | NIFTY MIDCAP 100 |
| Sector | 2/3 Wheelers |
The stock is listed and actively traded since 9 August 2024, but it remains without earnings (P/E NA) due to zero EPS over the last four quarters.
About the Company
OLA Electric Mobility Ltd is part of India’s EV transformation, manufacturing two- and three-wheelers. It is listed on the NSE and part of the NIFTY MIDCAP 100 index. Since its listing, the stock has been volatile and is currently under intense selling pressure amid weak fundamentals.
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