Ola Electric Stock Hits Record Low Amid Bearish Trend
Shares of Ola Electric Mobility Ltd continued their steep decline on Friday, hitting an all-time low of Rs 34.73 before slightly recovering to Rs 35.60. Over the past month, the stock has plunged 25.18% and is down 58.72% so far in 2025, reflecting growing investor concerns amid increased competition in India’s electric two-wheeler market.
The Bhavish Aggarwal-led company, once a dominant player, slipped to the fifth position in November, overtaken by Hero MotoCorp’s EV arm Vida. On the earnings front, Ola Electric reported a narrower consolidated net loss of Rs 418 crore for Q2 FY26, compared with Rs 495 crore a year ago, while revenue from operations fell 43% year-on-year to Rs 690 crore.
Analysts remain largely bearish, citing weak technicals and oversold momentum. Key support levels are identified around Rs 30–32.50, while resistance lies between Rs 40–43. Experts suggest that until the stock breaks above these resistance levels, the outlook remains negative, making it suitable primarily for high-risk investors.
Pic courtesy: google/ images are subject to copyright
