Today, on 16th April 2025, Ola Electric experienced a slight surge of almost 1% in its share prices. The surge follows despite HSBC’s 1% muted review on OEMS’ Q4 results. From January to March, the OEM sector recorded slow sales of two-wheelers and tractors during the quarter. Based on this performance, analysts are not confident about OEM companies’ fourth quarters.
HSBC’s reports convey a negative operating leverage for M&M, Escorts, Bajaj Auto and Ola Electric. Today, Ola Electric began in the market at Rs. 50.50, a modest increase from the last session’s close of Rs. 50.27.
Ola Electric Share Price in Today’s Market
At 12:15 p.m., Ola Electric’s share price is Rs. 50.54, nearly 0.54% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalisation shows 22,296 cores; the UC Limit is 60.32, and the LC Limit is 40.21.
Company Financials
During the Q3 FY 2024-25, Ola Electric generated operating revenues of Rs. 1,045 crore. Compared to Rs. 1,296 crore in the prior year’s third quarter, this revenue total represents a 19.36% decline. In the previous year’s third quarter, Ola Electric reported losses of Rs. 376 crore, and its net losses also rose to Rs. 564 crore. According to VAHAN data, Ola Electric is one of the top firms in the two-wheeler vehicle industry, holding a 25.5% market share of two-wheeler sales.
Recent News About Ola Electric
- In early March, Chief Technology Officer Suvonil Chatterjee and Chief Marketing Officer Anshul Khandelwal left Ola Electric.
- In late March, Ola Electric implemented a comprehensive cost-cutting and efficiency drive, resulting in monthly savings of Rs. 90 crore.
- After delays from the originally scheduled 2024 rollout, Ola Electric started delivering its Roadster X motorcycle in April 2025.
Ola Electric Share Price Target
HSBC revised and downgraded Ola Electric’s share price target from Rs. 70 to Rs. 60
Should You Buy, Sell, Or Hold?
On MoneyControl and Trendlyne, most analysts support holding the shares. On MoneyControl, 14% of market experts recommend selling, and 29% recommend buying. Before investing in Ola Electric, consider its long-term performance and consult your analyst to make the perfect move.
