Ola Stock Price, Ola Electric Mobility Share Price Updates 21Aug 2024: Ola Electric’s S1 X model secures PLI certification, shares close below ₹140 mark

Ola Electric closing price figures: Shares end flat on Wednesday

Ola Electric Mobility shares closed at ₹137.91 on the NSE, up 0.09%. 

On the BSE, the shares inched 0.10% at ₹137.86.

Ola Electric shares trade flat on the NSE at ₹137.77 as at 3 pm.

Ola shares trade at ₹138.62 on the NSE, up 0.60% as at 2.08 pm.

Ola Electric Mobility share price update: Ola shares trade flat

Shares of Ola Electric Mobility traded at ₹137.49 on the NSE, down by 0.22% as at 1 pm.

On the BSE, the stock traded at ₹137.79, up 0.05%.

Ola Electric Mobility shares traded at ₹137.65 on the NSE, down by 0.10% as at 12.41 am.

Ola shares in focus: Ola Electric shares surge 90% post-debut to hit $7 billion value: Bloomberg

The rapid rise in Ola Electric Mobility Ltd. shares is vindicating the founder’s push to list the company despite initial skepticism over valuation. 

The stock has surged nearly 90% in less than two weeks, bringing its market capitalization to over $7 billion. The company’s initial public offering was India’s biggest in two years and saw participation from across investor segments.

The jump has helped founder Bhavish Aggarwal achieve his target valuation much sooner than expected, buoyed by strong investor demand in India’s hot IPO market. The country’s biggest e-scooter maker went ahead with the offering at a lower value after facing investor pushback amid concerns over its profitability.

“There is a serious belief among investors in India’s electric vehicle story,” said Aishvarya Dadheech, chief investment officer at Mumbai-based Fident Asset Management Pvt. “The gush of domestic liquidity is driving investors to seek exposure to newer themes and investment ideas and the EV sector is one of the biggest beneficiaries.”

Ola shares trade flat at ₹138.55 on the NSE as at 11.44 am.

Ola Electric shares in focus: Shares rise 1%

Ola Electric shares rise 1.39% on the NSE to trade at ₹139.70 as at 10.21 am.

On the BSE, the stock trades at ₹139.15, higher by 1.04%.

Ola share price update: Ola Electric Mobility shares trade flat

Shares of Ola Electric Mobility traded at ₹136.75 on the NSE, down by 0.75% as at 9.55 am on Wednesday. 

On the BSE, the stock traded at ₹137, down by 0.52%.

Ola shares closing price updates: Ola Electric Mobility shares end day’s trade 6% lower

Shares of Ola Electric Mobility closed at ₹137.38 on the NSE, lower by 6.15%. 

On the BSE, the stock ended at ₹137.33, down by 5.96%.

Ola Electric shares declined 7.83% to trade at ₹134.92 on the NSE as at 3.08 pm.

Ola Electric Q1 results in focus 

EV maker Ola Electric reported revenue from operations of ₹1,644 crore for the quarter ended June 30, 2024, up 32.3 per cent from ₹1,243 crore in the corresponding quarter of the previous financial year.

Consolidated net loss stood at ₹347 crore (₹267 crore). However, on a sequential basis, the net loss narrowed from ₹416 crore reported in the January-March quarter.

Bhavish Aggarwal-led company’s EBITDA loss was at ₹205 crore (₹218 crore).

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Ola share price update: Ola Electric Mobility shares dip 9% 

Ola shares tanked 8.94% on the NSE, trading at ₹133.30 as at 2.06 pm.

Ola Electric reverses gains on valuation concerns: Reuters

Ola Electric Mobility shares shed 6.5% at 137 rupees, set to snap three-session winning streak

Stock still up 80% from listing price

Reuters

Ola Electric Mobility shares plunged 6.39% on the NSE to trade at ₹137.03 as at 1.08 pm.

Ola share price in focus: Ola shares slump over 6%

Ola Electric Mobility shares dropped 6.33% on the NSE, trading at ₹137.12 as at 12.08 pm.

On the BSE, the stock declined 6.10% to trade at ₹137.12.

Ola Electric shares declined 2.40% on the NSE, trading at ₹142.87 as at 11.07 am.

Ola Electric Mobility shares in focus: Shares trade 2% lower

Ola Electric Mobility shares declined 1.71% on the NSE to trade at ₹143.88 as at 10.33 am. 

On the BSE, the shares were down 1.93% to trade at ₹143.21.

Sensex, Nifty open higher on Tuesday

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Ola shares in focus: Ola Electric Mobility shares dip 3-4% 

Ola Electric Mobility shares plunged 3.91% on the NSE, trading at ₹140.66 as at 10.09 am.

On the BSE, the stock dipped 2.57% to trade at ₹142.27 as at 10.11 am.

The stock on Monday closed 10% higher. 

Ola Electric Mobility shares in focus: Saji John, Senior Research analyst, Geojit Financial Services, says the current valuation appears to be quite speculative 

“While the long-term potential of Ola Electric, especially given the EV market’s favorable outlook, might be appealing, the current valuation appears to be quite speculative. Investors should be cautious, especially given the company’s ongoing losses and the high volatility in its stock price. For new investors, it may be wise to wait for a more stable entry point or consider the stock as a long-term play with a high risk-reward ratio. Meanwhile, at their annual ‘Sankalp’ event, the company introduced four new motorcycles across various price ranges. While motorcycles dominate the broader two-wheeler market in India, their share in the EV segment is currently just 1%, offering significant growth potential for the company. The launch is expected to positively impact as the company benefits from a first-mover advantage in the electric motorcycle segment. and the potential for increased market penetration, Ola is likely to see enhanced revenue visibility over the long term. This strategic move could further strengthen its position in the EV market, contributing to sustained growth in its share price.”

Ola Electric Mobility shares hit fresh high today

On the BSE, Ola Electric Mobility stock rallied to hit a fresh high at ₹157.53, and on the NSE, the stock hit a new high at ₹157.40 in early trade on Tuesday.

Ola Electric Mobility share price in focus: Continues bull run 

Ola Electric Mobility stock continues its bull run to hit a fresh high crossing ₹150 mark in early trade on Tuesday. 

The stock on Monday closed at ₹146.38 on the ​​NSE ​​and at ₹146.03 on the ​​BSE​​, higher by 10 per cent.

Ola Electric Mobility shares closing figures

Shares of Ola Electric closed at its upper circuit on the stock exchange. On the NSE, the stock was up 9.99% to close at ₹146.38. 

On the BSE, the stock closed at ₹146.03, higher by 10%.

Ola Electric Mobility continues to trade at its upper circuit.
Trades at ₹146.38 on the NSE, higher by 9.99%, and at ₹146.03 on the BSE, higher by 10%.

Ola Electric Mobility in focus: SoftBank Picks Stock Winners in India’s Red-Hot IPO Market

Three firms backed by SoftBank have made solid Mumbai debuts in the past week. Shares of e-scooter maker Ola Electric Mobility Ltd., the biggest of the initial public offerings, have surged 75%. Software maker Unicommerce eSolutions Ltd.’s shares also gained about 75% while baby-products retailer Brainbees Solutions Ltd.’s are up more than 40%. 

The market is bustling with big debuts. Ola raised about $733 million in what was the nation’s largest IPO in about two years.

Bloomberg report

Ola shares in focus: Shares trade at the upper circuit

Ola Electric Mobility shares traded at ₹146.38 on the NSE, higher by 9.99% as at 2.15 pm.

Ola Electric Mobility shares continued to trade at its upper circuit on the NSE at ₹146.38 as at 1.15 pm.

Ola Electric shares traded at ₹146.03 on the BSE (+10%), also its upper circuit as at 12.56 pm.

Ola Electric Mobility share price update: Ola shares up 10%

Ola Electric shares again mount to trade at the upper circuit on the NSE (₹146.38), higher by 9.99%.

Ola Electric Mobility: Dream run continues for Ola

Investors in the IPO must be laughing all the way, as shares of the pure electric vehicle company jumped nearly 75 per cent against the IPO price of ₹76.

According to HSBC Global Research, despite its conservative view on EV penetration in India along with other uncertainties, the global advisory firm believes Ola is still worth investing in.

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Ola Electric Mobility performance in focus

Ola Electric Mobility recently reported revenue from operations of ₹1,644 crore for Q1 — up 32.3 per cent from ₹1,243 crore in the corresponding quarter last year. However, its consolidated loss widened to ₹347 crore (₹267 crore). But, on a sequential basis, the net loss narrowed from ₹416 crore.

The June quarter has been a “good quarter” in terms of growth and profitability, Aggarwal said in a post-earnings call.

Ola Electric Mobility in focus: Ola Electric recently launched e-bikes, announces quick commerce foray

Ola Electric recently launched three electric motorcycles and announced the integration of its battery cells in its vehicles.

The electric motorcycle portfolio, ‘The Roadster Series‘ has three motorcycles – Roadster X, Roadster and Roadster Pro. The introductory price of the e-bikes start at ₹74,999.

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Ola Electric Mobility shares were up 9.54% on the NSE, trading at ₹145.77 as at 11 am.

Stock market update: Sensex, Nifty open higher

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Ola Electric Mobility: Mcap in focus

The company’s total market valuation stood at ₹64,565.73 crore.

Ola Electric Mobility shares in focus: Shares trade at the upper circuit

Ola Electric Mobility shares hit the upper circuit on the NSE and BSE. Shares traded at ₹146.38 on the NSE, higher by 9.99%. 

On the BSE, the stock was up 10% to trade at ₹146.03 as at 10.05 am.