As of today, March 17, 2025, Ola Electric Mobility Ltd.’s share price has indeed experienced a significant decline. The stock closed at approximately ₹46.91 on the NSE (National Stock Exchange of India), reflecting a drop of about 7.18% from its previous closing price of ₹50.54. This performance aligns with broader observations of its downward trend in recent months.
Since its listing on August 9, 2024, at an IPO price of ₹76, Ola Electric’s stock surged to an all-time high of ₹157.40 by August 20, 2024, marking a remarkable 106% increase in just a few trading sessions. However, it has since plummeted, losing roughly 70% of its peak value. This decline has been attributed to several factors, including weak fundamentals, competitive pressures in the electric vehicle (EV) market, customer dissatisfaction, and operational challenges. Posts on X and various financial analyses have highlighted a consistent drop, with the stock down over 60% from its all-time high as of early March 2025, and the trend continuing into mid-March.
The company’s financials reveal ongoing struggles, with a reported net loss of ₹564 crore for the quarter ending December 31, 2024, up 50% from the previous year’s corresponding quarter. Revenue has also contracted, dropping by 14.53% year-on-year to ₹1,172 crore in the same period. Despite maintaining a strong market share in India’s electric two-wheeler segment (around 31–39% as per recent data), Ola Electric has yet to achieve profitability, a concern echoed by market observers. Additionally, the company has faced layoffs, customer complaints, and increased competition, further eroding investor confidence.
On a technical level, the stock has breached key support levels, with some analysts on platforms like X predicting further declines if fundamentals don’t improve. Market sentiment, as reflected in posts and financial reports, suggests that retail investors continue to hold or buy into the dip, potentially attempting to “catch a falling knife,” though the consensus among analysts leans toward caution due to the company’s high debt-to-equity ratio and insufficient earnings to cover interest expenses.
In summary, Ola Electric’s share market performance is currently down significantly, driven by a mix of financial losses, operational hurdles, and market dynamics. The stock’s trajectory will likely depend on the company’s ability to achieve its projected EBITDA breakeven in the automotive segment by Q1 FY26 (April–June 2025), as well as its response to competitive and customer-related challenges. For the most real-time updates, tracking live NSE/BSE data or financial news platforms would provide the latest figures beyond this snapshot.
