Ola Electric shares drop 8% in last two days on profit booking
On Wednesday, the stock opened and hit a high of ₹44.48, before dipping to a low of ₹42.61. The stock remains far below its 52-week high of ₹157.40, though still above its 52-week low of ₹39.60.
The recent rally, nearly 20%, was sparked after the EV maker projected robust FY26 guidance, including expected gross margins of 35–40% supported by the PLI scheme. Ola Electric anticipates sales volumes between 3.25 and 3.75 lakh units and revenue in the range of ₹4,200–4,700 crore, despite forecasting a narrow revenue growth band of -7% to +4%.
Adding to investor optimism, the company also announced the start of production for its in-house 4680 battery cells, with first deliveries expected around Navratri.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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