Bengaluru, India — Ola Electric Shares Hit 52-Week Low, sending ripples across the investor community and raising concerns over the performance of one of India’s most anticipated electric vehicle (EV) IPOs.
As of the latest trade, Ola Electric shares fell by nearly 5.6%, touching a new 52-week low of 43.28 on the NSE/BSE. The stock has lost over 42% from its IPO listing price, disappointing retail and institutional investors alike.
What’s Causing the Dip in Ola Electric’s Stock Price?
Multiple factors appear to have contributed to the steep fall in Ola Electric’s share price:
1. Weak Market Sentiment in the EV Sector
The broader EV sector has seen corrections lately due to high input costs, government subsidy delays, and increased competition from players like Tata Motors and Ather Energy. Ola Electric, being a major EV player, is also feeling the heat.
2. Profitability Concerns Post IPO
Ola Electric’s financials have been under scrutiny ever since its IPO. Despite strong revenue growth, operational losses and cash burn continue to worry investors. The company has yet to turn profitable, and recent quarterly results did not provide much reassurance.
3. Heavy Promoter Selling & Low GMP
Market data shows signs of promoter group stake offloading and a notable drop in Grey Market Premium (GMP) of the stock. At the time of IPO, Ola Electric’s GMP was trading around 30-40, but as of this week, it has turned negligible or even negative, according to IPO dashboard updates.
4. Technical Breakdown
Analysts indicate that the stock has broken key technical support levels on daily charts, triggering stop-losses and inviting more selling pressure.
IPO Performance Recap
Ola Electric made its stock market debut in early 2025 with high expectations. It was among the most anticipated mainboard IPOs of the year and was subscribed more than 6 times. However, post-listing, the stock showed limited upside and has been on a gradual decline for several months.
Expert Opinion
Sandeep Bhargava, Equity Research Head at TheChartVerse, stated:
“Ola Electric has potential in the long term, but the company needs to manage its costs, deliver on production targets, and show profitability. Right now, it’s in a tough spot with sentiment heavily negative.”
Investor Takeaway
If you’re holding Ola Electric shares, it may be a time to reassess your portfolio strategy. This drop could be a buying opportunity for long-term EV believers — or a signal to wait for more stability.
For those who entered during IPO hype, this is a reminder that GMP is not always an accurate indicator of future stock performance — highlighting the risks of relying solely on grey market indicators.
Final Words
Ola Electric’s journey from being an EV startup darling to facing stock market pressures is a lesson in market realism. While the company’s vision remains ambitious, execution and financial discipline will be key to turning the tide.