Ola Electric Stock Price Touches New 52-Week Low After Block Deal
By Ankur Chandra | Published at: Jun 23, 2025 04:04 PM IST
Mumbai, June 23, 2025: Shares of Ola Electric Mobility Ltd (NSE: OLAELEC) extended losses on Monday. The decline follows a block deal executed earlier in the session, as 0.55% of its equity changed hands over seven blocks during the deal. It constitutes the second block deal of the month, following the one on June 3, 2025.
Known for its electric scooters, Ola Electric went public on August 9, 2024. While the company’s IPO was listed at a premium, the stock has experienced a fifty per cent decline over the last twelve months. The buyers and sellers of the deal are unknown. The block deal involved a transfer of 2.41 crore company shares, which changed hands at ₹44 per share (₹107 crore).
The stock opened at a loss and further slipped to hit a 52-week low of ₹43.16; as of 1:20 p.m. on June 23, it was trading at ₹43.65, down 5.27% from the previous close.
Block Deal Activity Weighs on Sentiment
According to the latest updates, 2.41 crore shares, or 0.55% of equity, changed hands at an average price of ₹44 per share in a block deal that spooked investors amid an already volatile session.
It is the second significant stake transaction this month. Earlier, Hyundai Motor Company had divested 3.23% stake (14.22 crore shares) for ₹731 crore at ₹51.4 per share.
Stock Performance and Market Depth
| Market Snapshot (as of 1:20 p.m. IST) | Value |
|---|---|
| Last Traded Price | ₹43.65 |
| Change | -5.27% |
| Previous Close | ₹46.08 |
| Intraday Low (52-Week Low) | ₹43.16 |
| Intraday High | ₹45.85 |
| VWAP | ₹44.34 |
| Traded Volume (Lakh shares) | 444.80 |
| Traded Value | ₹197.22 crore |
The order book reflected heightened supply, with 48.38 lakh shares on the sell side vs 43.06 lakh shares on the buy side. The total market cap stood at ₹19,310.61 crore, with a free float capitalization of ₹3,911.76 crore.
Historical Context and Volatility
| Key Metrics | Value |
|---|---|
| 52-Week High (Aug 20, 2024) | ₹157.40 |
| 52-Week Low (Jun 23, 2025) | ₹43.16 |
| Daily Volatility | 2.94 |
| Annualised Volatility | 56.17 |
| Price Band (%) | 20 |
| Lower Band | ₹36.86 |
| Upper Band | ₹55.29 |
Ola Electric’s stock has seen more than 100% high-low price variation over the past six months. The company reported a 62% YoY drop in revenue and widened net losses for the March quarter, though it issued a positive outlook for Q1 FY26.
Market Outlook
Back-to-back stake sales have shaken investor confidence, pressuring a stock already down over 50% since listing. With high volumes and supply overhang, Ola Electric shows little sign of stabilising. Market focus now turns to Q1 FY26 results and further stake activity.
About the Company
Listed on the NSE since August 9, 2024, Ola Electric Mobility Ltd is part of the NIFTY MIDCAP 100 index and operates in the electric 2/3-wheeler segment. The company remains under investor scrutiny due to sustained losses, high valuation volatility, and recent promoter stake sales.
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