Ola Electric shares fall 5% after two-day rally on VAHAN data

Shares of Ola Electric Mobility Ltd. declined as much as 5% on Thursday, August 21, after a two-day rally. The stock climbed nearly 20% on Wednesday, building on Tuesday’s 9% advance. The stock jumped 29% in the last two sessions and was trading at its highest level in almost three months. It gained in four of the past five sessions.Trading activity on August 20 hit a record, with volumes crossing 111 crore shares. Of this, delivery volumes stood at 19 crore shares, accounting for about 17% of total trades, the lowest delivery ratio in four months.

Brokerage views

Out of six brokerages tracking Ola Electric, two have a ‘Buy’ rating, two recommend ‘Sell’, while the rest remain ‘Neutral’.Ola Electric’s target prices range from a high of ₹63 to a low of ₹40.

Vahan Registration Data (Aug 2025)

As of August 20, Ola Electric had recorded 9,522 registrations, compared with 10,248 for Ather Energy.If the current trend continues, Ola Electric’s market share is set to slip below that of Ather Energy.

Ola Q1 earnings

Ola Electric’s first quarter earnings were weak as against the previous year but better when compared to the last quarter.

The company’s losses narrowed and revenue improved compared to the previous quarter.

Ola Electric’s gross margin improved by 1,100 basis points sequentially and by 740 bps from the previous year. Gross margins stood at 26% at the end of the June quarter, while the management sees the figure to be between 35% to 40% for the full year.

The company sees its revenue growth in the -7% to 4% range in FY26. Its auto business is also likely to turn EBITDA positive from the second quarter. Fully-year auto EBITDA is likely to be above 5%, the company has guided.

Shares of Ola Electric Mobility settled 18.40% higher on Wednesday a ₹53.08.