The stock opened in the green at Rs 48.64 against the previous close of Rs 47.13 on the BSE. This represents a gain of 3.20 per cent from the closing price of the last trading session. It gained further to touch the high of Rs 48.88. On the NSE, the scrip opened at Rs 48.40 against the previous close of Rs 47.07 and touched the intraday high of Rs 48.90.
However, the counter fell amid profit booking and touched a low of Rs 45.76. Last seen, it was trading at Rs 46.12, with a fall of 2.14 per cent from the previous close. The 52-week high of the stock is Rs 157.53, and the 52-week low is Rs 39.58.
The dip comes amid a spurt in volume by more than 2.45 times. At the time of writing the report, 359.68 lakh shares had traded hands. This is much higher than the two-week average of 144.60 lakh.
Ola Electric Share Price History
According to BSE Analytics, the counter has corrected over 46 per cent so far this year and 37 per cent in six months. However, it has gained 8.78 per cent in two weeks and 12.14 per cent in one week.
Ola Electric Q1 Results
Meanwhile, the company has announced its quarterly results for the first quarter of the financial year 2025-26. The Bengaluru-based firm said that its revenue from operations for the quarter under consideration rose 35.5 per cent to Rs 828 crore. This was Rs 611 crore in the quarter ended March 31, 2025.
However, the company also reported the wider consolidated net loss of Rs 428 crore in the April-June quarter. The company had posted a net loss of ₹347 crore in the same period a year ago.
The firm delivered a total of 68,192 vehicles in Q1 FY26 against 51,375 units delivered in Q4 FY25, marking an increase of 32.7 per cent quarter-on-quarter.
The company said its auto business turned EBITDA positive in June, on the back of strong gross margins owing to the company's vertical integration strategy.