Ola Electric, one of the largest electric vehicle makers and the largest EV scooter maker, had another dull week at Dalal Street. The company shares have been on the decline in the recent past.
Ola Endures Another Week Of Decline
Over the previous few weeks, the business has experienced weeks of consecutive declines. The company's entire value decreased as the week came to a finish.
It is to be noted that it coincides with the larger decline experienced by the equity markets, which have had an overwhelmingly negative period in 2025.
Ola Retains Dominance
There was a glimmer of hope on Friday, when the company shares, against the tide, ended in green with minor gains. On Friday, Ola Electric shares gained Rs 0.08 or 0.14 per cent.
This came to pass, after the company reported that it had managed to sell 25,000 units of its scooter in February.
Ola's growing S1 scooter portfolio and extensive sales and servicing network—which currently has 4,000 locations nationwide—are the main factors contributing to its success. |
Ola's growing S1 scooter portfolio and extensive sales and servicing network—which currently has 4,000 locations nationwide—are the main factors contributing to its success.
As a result of this, the company's market shares went to 28 per cent, retaining the dominant position in the EV market.
Ola Shares' Recent Progress
However, when we look at the progress of the company shares in the past week, the picture looks weak. In the past week of trade, the cumulative loss accrued by the company at the equity markets amounted to 3.83 per cent or Rs 2.27.
This has brought the overall value of the company shares to Rs 57.00. In the last week, once again, the company shares hit their all-time low mark, slumping to Rs 55.68 per piece.
In the past month of trade, these shares have seen a major drop in their value. In the past month of trade, the shares Ola Electric have dropped by a mammoth 22.00 per cent or Rs 16.08, falling far behind the 52-week high of Rs 157.40 per share.
