Ola Electric Shares Fall 29% in a Month: What Should Investors Do?

Shares of Ola Electric Mobility Limited continued to slide on Tuesday, closing at ₹31.04, down over 2.5% on the BSE. Over the past month, the stock has lost nearly 29%, raising concerns among investors about further declines.

Analysts’ Views
Market experts suggest that the stock may continue to face downward pressure. According to Osho Krishnan, Senior Analyst – Technical and Derivative Research at Angel One, “The stock has seen a significant fall, and indicators suggest it could drop further to ₹26–25. On the upside, resistance levels are observed at ₹35–38, with a strong resistance zone at ₹40–42.”

Technical Trends Point to Further Weakness
Drumil Withlani, Technical Analyst at Bonanza, notes that Ola Electric shares are in a consistent downtrend on the weekly chart. “Whenever the stock rises towards the ₹70–90 range, selling pressure comes in, making it a major distribution area. Currently, the stock is near the ₹30 psychological level, but no strong base has formed. Until it crosses ₹45–50 and stabilizes, any upward movement is likely to be a temporary pullback. A drop below ₹30 could take the stock down to ₹24–26. Overall, the trend remains negative; only the formation of a strong base and higher lows can reverse it.”

Further Decline Possible
Ravi Singh, Chief Research Officer at Mastertrust, advises investors to consider exiting the stock, predicting it could fall further to ₹28. He also highlighted ₹35 as an immediate resistance level.

Ola Shakti Deliveries Begin
In business updates, Ola Electric announced the start of deliveries for its Ola Shakti 9.1kWh Residential Battery Energy Storage System (BESS). The system uses 4680 Indian cells and comes in two variants:

• 3kW/5.2kWh system priced at ₹1,49,999
• 6kW/9.1kWh system priced at ₹2,49,999

Disclaimer: The above information reflects analysts’ opinions and is not investment advice from Navbharat Times. Investors are encouraged to consult certified experts before making any investment decisions, as market conditions can change rapidly.