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Economic Times
11 hours ago
- Business
- Economic Times
Ola Electric shares shed 8% after 3.2% stake changes hands in block deal
Two Sharp with ET: Adani stocks fall on US probe report | Ola Electric drops 8% after weak Q4 Ola Block Deal News: Ola Electric Mobility shares faced a decline after a significant block deal. Approximately 3.2% of equity changed hands. This transaction occurred amidst ongoing worries about the company's financial health. Hyundai is reportedly the seller. The stock has experienced sustained selling pressure recently. Weak Q4 earnings also contributed to the downturn. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Weak Q4 earnings Technical indicators mixed Shares of Ola Electric Mobility closed 8.1% lower on Tuesday at Rs 49.33 on the BSE after a large block deal involving 3.2% equity changed hands, according to transaction, which triggered sharp intraday volatility, came amid sustained pressure on the stock and ongoing concerns about the company's financial to ET Now, Ola Electric shares witnessed a block deal involving 3.2% equity. Meanwhile, CNBC-TV18 reported that 14.22 crore shares, amounting to 3.23% of the company's equity and worth Rs 731 crore, changed hands at Rs 51.4 per unnamed sources, CNBC-TV18 also reported, 'Hyundai is likely the seller in the Ola Electric block deal .'The stock has been under sustained selling pressure in recent months. Shares have declined 46% over the past six months, 11.4% in the last three months, and 4.1% in the past week, though they have risen 3.7% over the past sell-off comes on the heels of disappointing quarterly results. On Thursday, Ola Electric reported a consolidated net loss of Rs 870 crore for the quarter ended March 2025, widening from Rs 416 crore in the same period last year. Revenue from operations dropped sharply to Rs 611 crore, down from Rs 1,598 crore in the year-ago quarter, the company said in a regulatory the full financial year, the company posted a net loss of Rs 2,276 crore, compared with Rs 1,584 crore in FY24. Operating revenue declined to Rs 4,514 crore from Rs 5,010 crore a year the weak numbers, Ola Electric reaffirmed its commitment to turning profitable. 'FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability,' it company added that its gross margins improved by 38% in FY25, and that Q1 FY26 has shown a 10-percentage-point improvement in gross margins over Q4 a technical standpoint, Ola Electric's stock is currently trading below five of its eight key simple moving averages (SMAs) — including the 5-day, 10-day, 100-day, 150-day, and 200-day SMAs — indicating bearish undertones across short- to long-term Relative Strength Index (RSI) stands at 57.7, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 0.4 and remains above both the center and signal lines, reinforcing an ongoing bullish read | Why is it the perfect time to invest in Nifty 200 Momentum 30 Index? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India Today
a day ago
- Automotive
- India Today
Ola Electric shares tumble over 6% today. Here's why
Shares of Ola Electric Mobility took a sharp hit on Tuesday, falling over 6% in early trade on the Bombay Stock Exchange (BSE), following a reported block deal and growing concerns over the company's financial 10:15 am, the stock was trading at Rs 50.52, down 5.9%, after reports of a large equity transaction rattled block deal involved 3.2% of the company's equity. CNBC-TV18 reported that approximately 14.22 crore shares, translating to a 3.23% stake and valued at Rs 731 crore, changed hands at Rs 51.4 Furthermore, sources told the publication that the seller in this transaction is likely to be block deal comes at a time when Ola Electric's stock has been steadily declining. The scrip has lost 46% over the last six months, 11.4% in the past three months, and 4.1% over the last week, even though it has managed to gain 3.7% over the past fresh sell-off follows a disappointing set of quarterly earnings. Last Thursday, Ola Electric reported a net loss of Rs 870 crore for the March 2025 quarter, more than double the Rs 416 crore loss reported in the same quarter a year earlier. Revenue from operations also fell sharply to Rs 611 crore, down from Rs 1,598 crore in the full financial year, the company's net loss widened to Rs 2,276 crore, compared with Rs 1,584 crore in FY24. Annual revenue dropped to Rs 4,514 crore from Rs 5,010 these weak numbers, the EV startup struck an optimistic note. 'FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability,' Ola Electric said in a filing. It added that gross margins improved by 38% in FY25, with Q1FY26 already seeing a 10-percentage-point margin improvement over the March a technical standpoint, Ola Electric's stock is showing signs of weakness. It is currently trading below five out of eight key simple moving averages (SMAs), including the 5-day, 10-day, 100-day, 150-day, and 200-day averages, which is a sign that near- to long-term momentum is under not all indicators point to gloom. The Relative Strength Index (RSI) is at 57.7, suggesting that the stock is still in neutral territory and neither overbought nor the Moving Average Convergence Divergence (MACD) stands at 0.4 and remains above both the signal and centre lines, hinting at a possible continuation of a nascent bullish trend.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
News18
2 days ago
- Automotive
- News18
Ola Electric Shares Dip 7% As 3.2% Stake Changes Hands Via Block Deal; Time To Sell?
Last Updated: Shares of Ola Electric Mobility Ltd were under significant pressure in Tuesday's trading session, dropping as much as 7.04% Ola Electric Share Price: Shares of Ola Electric Mobility Ltd were under significant pressure in Tuesday's trading session, dropping as much as 7.04 per cent to a low of Rs 49.91. The stock was last seen 5.9 per cent lower at Rs 50.52, extending its six-month losses to 48.74 per cent. On the earnings front, the EV-focused company reported a consolidated net loss of Rs 870 crore for the January-March 2025 quarter (Q4 FY25), widening from Rs 416 crore in the same period last year. Revenue from operations plunged 59.48 per cent year-on-year (YoY) to Rs 611 crore, down from Rs 1,508 crore in the year-ago quarter. What Should Investors Do? Kotak Institutional Equities has maintained a 'Downgrade' rating on the stock, slashing its target price to Rs 30 per share. This suggests a potential downside of nearly 44 per cent from its previous close at Rs 53.24. The brokerage warned that Ola Electric is likely to continue facing EBITDA losses due to weakening brand equity and intensifying competition, as noted in a CNBC-TV18 report. It also flagged challenges in the company's entry into the motorcycle segment, citing execution and credibility concerns. Technical Indicators Show Mixed Signals Technically, Ola Electric's stock is currently trading below five of its eight key simple moving averages (SMAs) — including the 5-day, 10-day, 100-day, 150-day, and 200-day SMAs — pointing to bearish signals across various timeframes. However, the Relative Strength Index (RSI) at 57.7 indicates the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) remains positive at 0.4, staying above the center and signal lines, which suggests some ongoing bullish momentum. For the full fiscal year 2024-25 (FY25), Ola Electric posted a net loss of Rs 2,276 crore, compared with Rs 1,584 crore in FY24. Revenue from operations also fell to Rs 4,514 crore, down from Rs 5,010 crore in FY24. The company said its gross margins improved by 38 per cent YoY in FY25, and in Q1 FY26, gross margins saw a 10 percentage point sequential improvement. Ola Electric aims to achieve profitability in the current fiscal year (FY26), focusing on revenue growth and operating leverage. 'FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability," it stated in a filing.
Time of India
2 days ago
- Business
- Time of India
Ola Electric shares shed over 5% after 3.2% stake changes hands in block deal
Shares of Ola Electric Mobility slipped as much as 5.5% on Tuesday to Rs 50.75 on the BSE after a large block deal involving 3.2% equity changed hands, according to reports. The transaction, which triggered sharp intraday volatility, came amid sustained pressure on the stock and ongoing concerns about the company's financial performance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo According to ET Now, Ola Electric shares witnessed a block deal involving 3.2% equity. Meanwhile, CNBC-TV18 reported that 14.22 crore shares, amounting to 3.23% of the company's equity and worth Rs 731 crore, changed hands at Rs 51.4 per share. Citing unnamed sources, CNBC-TV18 also reported, 'Hyundai is likely the seller in the Ola Electric block deal .' The stock has been under sustained selling pressure in recent months. Shares have declined 46% over the past six months, 11.4% in the last three months, and 4.1% in the past week, though they have risen 3.7% over the past month. Live Events Weak Q4 earnings The sell-off comes on the heels of disappointing quarterly results. On Thursday, Ola Electric reported a consolidated net loss of Rs 870 crore for the quarter ended March 2025, widening from Rs 416 crore in the same period last year. Revenue from operations dropped sharply to Rs 611 crore, down from Rs 1,598 crore in the year-ago quarter, the company said in a regulatory filing. For the full financial year, the company posted a net loss of Rs 2,276 crore, compared with Rs 1,584 crore in FY24. Operating revenue declined to Rs 4,514 crore from Rs 5,010 crore a year earlier. Despite the weak numbers, Ola Electric reaffirmed its commitment to turning profitable. 'FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability,' it said. The company added that its gross margins improved by 38% in FY25, and that Q1 FY26 has shown a 10-percentage-point improvement in gross margins over Q4 FY25. Technical indicators mixed From a technical standpoint, Ola Electric's stock is currently trading below five of its eight key simple moving averages (SMAs) — including the 5-day, 10-day, 100-day, 150-day, and 200-day SMAs — indicating bearish undertones across short- to long-term charts. The Relative Strength Index (RSI) stands at 57.7, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 0.4 and remains above both the center and signal lines, reinforcing an ongoing bullish trend. Also read | Why is it the perfect time to invest in Nifty 200 Momentum 30 Index?
Economic Times
2 days ago
- Business
- Economic Times
Ola Electric shares shed over 5% after 3.2% stake changes hands in block deal
Shares of Ola Electric Mobility slipped as much as 5.5% on Tuesday to Rs 50.75 on the BSE after a large block deal involving 3.2% equity changed hands, according to reports. ADVERTISEMENT The transaction, which triggered sharp intraday volatility, came amid sustained pressure on the stock and ongoing concerns about the company's financial performance. According to ET Now, Ola Electric shares witnessed a block deal involving 3.2% equity. Meanwhile, CNBC-TV18 reported that 14.22 crore shares, amounting to 3.23% of the company's equity and worth Rs 731 crore, changed hands at Rs 51.4 per share. Citing unnamed sources, CNBC-TV18 also reported, 'Hyundai is likely the seller in the Ola Electric block deal.'The stock has been under sustained selling pressure in recent months. Shares have declined 46% over the past six months, 11.4% in the last three months, and 4.1% in the past week, though they have risen 3.7% over the past sell-off comes on the heels of disappointing quarterly results. On Thursday, Ola Electric reported a consolidated net loss of Rs 870 crore for the quarter ended March 2025, widening from Rs 416 crore in the same period last year. Revenue from operations dropped sharply to Rs 611 crore, down from Rs 1,598 crore in the year-ago quarter, the company said in a regulatory filing. ADVERTISEMENT For the full financial year, the company posted a net loss of Rs 2,276 crore, compared with Rs 1,584 crore in FY24. Operating revenue declined to Rs 4,514 crore from Rs 5,010 crore a year the weak numbers, Ola Electric reaffirmed its commitment to turning profitable. 'FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability,' it said. ADVERTISEMENT The company added that its gross margins improved by 38% in FY25, and that Q1 FY26 has shown a 10-percentage-point improvement in gross margins over Q4 a technical standpoint, Ola Electric's stock is currently trading below five of its eight key simple moving averages (SMAs) — including the 5-day, 10-day, 100-day, 150-day, and 200-day SMAs — indicating bearish undertones across short- to long-term charts. ADVERTISEMENT The Relative Strength Index (RSI) stands at 57.7, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 0.4 and remains above both the center and signal lines, reinforcing an ongoing bullish trend. Also read | Why is it the perfect time to invest in Nifty 200 Momentum 30 Index? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
