Stock is under pressure following the disappointing Q4 performance. The company reported a net loss of Rs 870 crore in the March quarter, which was doubled by a loss of Rs 416 crore a year ago. Revenue from the operation has dropped 62% to 611 crore annually, as vehicle delivery has dropped to 1.15 lakh to 51,375 units.
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The EBITDA margins also hit, in which the auto segment margin ranged from -9.3% to -78.6% and the unified EBITDA margin was damaged at -101.4%. However, gross margin improved by 19.2%, with the help of high adoption of the GN -3 platform, which offers better performance at a lower cost.
For the whole year, Ola Electric has increased 3.59 lakh vehicles in the financial year 24. Adjusted income for FY 25 is Rs. 4,665 crore, of which, with a unified EBITDA margin of -34.6%.
Technical view
“Ola Electric is trading at all-time low levels with strong volume support, confirming the bearish setup. The RSI is below 30, while the oversold region can be rejected.
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Choice Broking’s Equity Research Analyst Mander Bhojan added, “Olalac stock is a constant bearish understone in its priced procedures. It all trades a big EMA-20-day and 50-day downtrend-not yet strong signs of reversal.”
He noted that despite the short spike in the volume in June, the stock failed to sustain any meaningful rally. “Today’s volume is near average, but the price action remains inconclusive. Unless the stock closes with a strong volume of its 20 and 50-day EMA, the downtrend can continue until the trend is needed to confirm the trend,” Bhojan said.
“According to the trading strategy, avoid fresh entries until confirmation is contrary. For investors, just hold on with a strict stop-loss below Rs 35.
On Thursday, the stock also hit a record low after the block trade on BSE has changed at 1.29 million stocks. Last month, the Hyundai Motor Company paid Rs. 51.40 priced at Rs. Load flew 3.23% of the 731 crore block deal.
The stock is 11% in the last three months, the year-to-race and 50% below the last six months. Ola Electric’s current market capitalization is Rs. 17,638.9 crore.
(Connection: The recommendations, suggestions, opinions and opinions provided by experts have their own. This does not represent opinions of economic time)
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