Ola Electric Is The Worst Performing Midcap In 2025 — Time For Patience Or Book A New Ride?
Ola Electric stock has fallen over 42% from January, and is down 68.26% from its 52-week high.
Ola Electric Mobility Ltd.'s share price is in focus on Wednesday, with the counter giving the worst returns year-to-date in the NSE Nifty Midcap 150 index. It has fallen over 42% from January, and is down 68.26% from its 52-week high.
Recently, the counter witnessed large amounts of equity trade hands in the form of Hyundai Motor Co. and Kia Corp. selling shares worth Rs 690 crore in Ola Electric on Tuesday via open market transactions.
Hyundai offloaded 10.8 crore shares at Rs 50.7 apiece, aggregating to Rs 552 crore, exiting the company. Kia sold 2.7 crore shares at Rs 50.55 apiece, totaling Rs 138 crore, according to bulk deal data on the NSE.
US investment bank Citigroup, via a subsidiary, purchased Rs 437 crore worth of shares in Ola Electric Mobility. The firm acquired 8.61 crore shares at Rs 50.55 apiece.
Should You Buy, Sell Or Hold Ola Electric Shares?
The electric vehicle sector, encompassing both two-wheelers and four-wheelers, is currently in a consolidation phase, navigating through a turbulent period marked by intense competition, said Kranthi Bathini, director of equity research at WealthMills Securities.
Industry players are under pressure, with regional manufacturers and dominant names such as Ola Electric, Ather Energy, and Hero MotoCorp jostling for market share. Amid this competitive landscape, Ola Electric still continues to command a significant market capitalisation, said Bathini, stating existing shareholders may consider holding onto the stock at current levels.
However, he cautions that the coming two to three quarters will be crucial in determining the company's path to profitability.
"Positive triggers for the stock could be the numbers, as when it comes to EVs, people gravitate to Ola Electric only," said Bathini. On the flip side, he pointed to ongoing concerns around customer service as a potential negative indicator for the stock's future performance.
Of the analysts tracking the stock, 43% have changed their price targets in the last month, with three downgrading it.
Ola Electric Share Price
The scrip rose as much as 2.17% to Rs 50.40 apiece on Wednesday. It pared gains to trade 1.66% higher at Rs 50.15 apiece, as of 02:33 p.m. This compares to a 0.31% advance in the NSE Nifty 50.
It has fallen 41.61% on a year-to-date basis, and 34.05% since listing. The relative strength index was at 45.87.
Out of eight analysts tracking the company, three maintain a 'buy' rating, two recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 1.5%.
