Ola Electric stock hits new low; market share drops, Q2 revenue down 43%.

markets
M
Moneycontrol•09-12-2025, 22:35
Ola Electric stock hits new low; market share drops, Q2 revenue down 43%.
- •Ola Electric shares hit a new all-time low of ₹33.17 but recovered to close at ₹34.95; the stock is down nearly 59.46% year-to-date.
- •Experts note the stock is under continuous pressure and advise existing investors to hold, suitable only for high-risk investors.
- •Technically, the stock trades below all major Simple Moving Averages, with support at ₹30 and resistance at ₹40.
- •Ola Electric slipped to 5th in market share in November, overtaken by Hero MotoCorp's Vida.
- •The company reported a Q2 FY26 consolidated net loss of ₹418 crore, with revenue from operations falling 43% year-on-year.
Why It Matters: Investors face high risk as Ola Electric's stock drops amid declining market share and losses.
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