
Ola Electric Share: Shares of electric two-wheeler company Ola Electric saw a sharp fall on Monday. The stock fell by 7.02 percent to a new all-time low of Rs 28.73. However, at the end of the day it closed at Rs 28.80 with a decline of 6.77 percent. If we look at the current level, this stock has fallen by about 52.99 percent in the last one year.
Quarterly results increased concern
Ola Electric’s net loss in Q3FY26 stood at Rs 490 crore. This loss in the last quarter was Rs 560 crore, which means the loss has reduced somewhat. But a big decline in revenue weakened the picture.
Income from operations fell 55 percent year-on-year to Rs 470 crore. It was Rs 1,045 crore in the same quarter last year. The company’s loss at EBITDA level stood at Rs 271 crore. There has definitely been a decrease in it on an annual basis. But the overall performance was not as strong as market expectations.
The market was expected to improve
Market experts believe that after the September quarter, due to the positive comments of the management, the market was hopeful that the results would improve. But that pace was not visible in the December quarter figures.
Experts described the performance as disappointing. According to him, the company does not have huge cash reserves and continuous losses are a matter of concern. If sales volume does not increase, further difficulties may increase for the company.
Kranti Bathini, equity strategist at WealthMills Securities, says sales figures are not growing and key revenue indicators are not showing improvement. According to him, it may be better to stay away from this stock in the short to medium term.
what are the technical charts saying
If seen from a technical point of view, support can be seen for the share between Rs 28 to Rs 25. According to Osho Krishnan, senior analyst at Angel One, the stock has reached a new all-time low due to continuous selling pressure. Technical indicators suggest that further decline to Rs 26 to Rs 25 is possible. There is a strong resistance between Rs 35 and Rs 38.
Brokerage trend is also bearish
Brokerage firm MK Global has made a major change in its stance after the results. Earlier the rating on this stock was ‘Buy’, now it has been reduced to ‘Sell’.
Not only the rating, the brokerage has also made a huge cut in the target price. Earlier the target was fixed at Rs 50, which has now been reduced to Rs 20. That means the target price has been reduced by about 60 percent. The new target suggests that the stock may fall by about 30% even from the current price.
Main concerns of brokerage
MK Global says third quarter performance was much weaker than expected. The company’s revenue has almost halved, while losses still remain at high levels.
According to the brokerage, unless there is a clear improvement in sales and a concrete reduction in losses, the stock may remain under pressure.
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