Archive · 28 Jul 2025
Ola Electric Shares End Flat After Volatile Trading Session
Ola Electric's stock went up a bit, but then ended the day about where it started.
The company is changing how it uses money from its IPO because it's taking longer to build its factories.
They are not expanding as quickly because people aren't buying electric vehicles as fast as expected.
Some experts say to be careful with the stock right now.
They suggest waiting for a clear sign of whether the stock will go up or down before making any decisions.
Support for the stock is around Rs 40, while the resistance is around Rs 45 and Rs 49.
Ola Electric shares saw a 5% intraday increase before closing nearly flat.
The company's board approved changes to IPO fund usage due to delays.
Ola Electric delayed scaling up its gigafactory capacity, citing slower EV market growth.
Analysts suggest caution due to weak technical setup and consolidation.
Support is seen around Rs 40, with resistance near Rs 45 and Rs 49.
- Who
- Ola Electric Mobility Ltd.
- What
- Ola Electric shares experienced intraday volatility, closing flat.
- When
- Shares were traded on Monday, with fluctuations during the session.
- Where
- The stock market
- Why
- Due to delays in gigafactory expansion and slower EV market growth.
Analyst Caution
Potential Support
Stock Outlook
Analyst Caution
Some analysts advise caution.
Potential Support
Some analysts see potential buying interest at Rs 39.82, suggesting support.
- Stock Close Price
- Rs 41.33
- Intraday High
- Rs 43.35
- Percentage Gain (Intraday)
- 5.12%
- IPO Fund Usage
- Terms revised
- Gigafactory Capacity Plan
- Capped at 5 GWh by FY2029
- Initial IPO Capacity Goal
- 20 GWh by mid-2026