Ola Electric Mobility Limited is a renowned name in the Electric Vehicle sector. Recently its share price has been fluctuating a lot. As of 11th November 2024, Ola Electric’s share is hovering at Rs 74.30. In this article, we will be analyzing recent changes in Ola Electric’s Share price and get insight on whether to invest, hold, or sell out according to market trends.
Ola Electric Share Price Today
Today Ola Electric opened at Rs 72.72 and reached up to Rs 77.60. The lowest it hit was Rs 70.55 mark. The total trading volume for Ola Electric is more than 98,999,523 shares. Which indicates a massive investor interest. The total market capitalization is currently near Rs 32,790.11 Crores.
Ola Eelctric’s Financial Overview
Ola Electric’s financial metrics show the company is going through challenges that have affected its recovery potential. The company has reported a negative EPS of Rs -0.06. But even after facing operational difficulties, Ola Electric has shown positive growth of 31.44%. It indicates resilience in the market.
Recent News about Ola Electric Share
Q2 Results: Recently Ola Electric has reported its quarterly results for Q2 FY25. It shows a net loss of Rs 495 Crores, which is down by Rs 29 Crores from Rs 524 Crores YOY. Also, revenue has spiked to 1,214 Crore which is 39% higher than last quarter.
Ola Electric Market Reaction: Ola Electric share has hit intraday low of Rs 70.54 but recovered 10% from the lowest point.
Expansion Plans: Ola Electric has plans to diversify its product lineup with new launches and entry in the three-wheeler segment.
Regulatory Scrutny Issue: Ola Electric is facing scrutiny issues as consumer complaints still high.
Pros & Cons of Ola Electric
Before investing in any share investors should know about pros and cons. here are a list which should help you to know more about the company Ola Electric
Pros:
- Strong and steady revenue growth indicating effective market penetration.
- Investment in R&D to ensure future growth and new product development.
- Recently included in MSCI Small Cap Index which might boost liquidity and trading volume.
Cons:
- Negative EPS shows challenges need to be addressed.
- Fluctuations in stock prices raise concern for short-term investors.
- Increasing market competition in EV segment might challenge share price.
Recomendation about Ola Electric Share Buy or sell?
Investors should apply hold stragegy for now. If anyone wants to buy Ola Electric Shares, then below Rs 70 will be a great acquisition. HDFC Securities also says the same, to hold share and watch over the market flactuations.
However, Motilal Oswal set a target price of Rs 85 as a long-term investment looking forward to strategic initiatives in Electric Market.
ICICI Direct suggests to buy shares with a target price of Rs 100. As company shows strong fundamentals and growth potentials with new product lines.
Disclaimer: This article is for information purposes only and doesn’t constitute financial advice. Investors should do their own research before investing in Ola Electric Share.
