Last Updated:June 23, 2025, 11:54 IST
Ola Electric Block Deal: Shares of Ola Electric Mobility slumped 6% to hit an all-time low of Rs 43.20 on the BSE on Monday after a block deal
Ola Electric Scooter. (File photo)
Ola Electric Share Price: Shares of Ola Electric Mobility slumped 6% to hit an all-time low of Rs 43.20 on the BSE on Monday after a block deal involving 0.8% of the company’s equity took place. Shares worth around Rs 107 crore changed hands, but the identities of the buyers and sellers were not immediately known.
This comes on the heels of a major offloading earlier this month by Hyundai Motor India, which sold 14.22 crore shares—or 3.23% equity—at Rs 51.4 per share. As per March 2025 shareholding data, Hyundai held a 2.47% stake in the company.
The fall in stock price also comes amid weak earnings. The electric two-wheeler maker reported a net loss of Rs 870 crore in Q4 FY25, compared to a loss of Rs 416 crore a year earlier, largely due to steep discounting and declining sales. Revenue from operations fell 62% YoY to Rs 611 crore, while vehicle registrations dropped over 52% to 56,760 units. Deliveries halved to 51,375 units during the quarter.
Despite the setback, the company’s management has reiterated its focus on achieving profitability in FY26. “With a robust product roadmap, vertical integration and R&D focus, and strong distribution and service infrastructure, we are well positioned to drive the next phase of EV adoption in India across both scooters and motorcycles,” Ola Electric said.
Stock Performance & IPO History
Ola Electric’s stock has plunged over 43% from its IPO issue price of Rs 76. The company listed on August 9, 2024, debuting at Rs 91.20 per share. Since then, the stock has lost 49% year-to-date and has plummeted 72% from its 52-week high of Rs 157.50.
Out of eight analysts tracking the company, three maintain a ‘buy’ rating, two recommend a ‘hold’, and three suggest a ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 2.3%.
About Ola Electric
Ola Electric Mobility, a subsidiary of ANI Technologies (the parent company of Ola Cabs), is one of India’s leading electric two-wheeler manufacturers. Known for its S1 series of electric scooters, the company has positioned itself as a major player in India’s push toward sustainable urban mobility. With an emphasis on vertical integration, battery tech, and domestic manufacturing, Ola Electric is working toward expanding into the electric motorcycle segment as well.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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