Ola Electric Mobility Ltd Sees 5.47 Million Shares Traded, Among Most Active Stocks Today

Ola Electric Mobility Ltd, a small-cap player in the automobiles sector, has emerged as one of the most active stocks today, with a total traded volume of 5,471,136 shares and a total traded value of approximately Rs 2,925.42 lakhs. The stock opened at Rs 52.89 and reached an intraday high of Rs 54.29, reflecting a gain of 3.17% during the trading session. The last traded price stands at Rs 53.48, marking a 2.05% increase for the day, which notably outperformed the sector's return of 0.16% and the Sensex's return of 0.23%.
After experiencing three consecutive days of decline, Ola Electric's stock has shown signs of a trend reversal. It is currently trading above its 50-day and 100-day moving averages, although it remains below the 5-day, 20-day, and 200-day moving averages. However, the stock has seen a decline in investor participation, with delivery volume dropping by 14.51% compared to the 5-day average. Despite this, the stock maintains sufficient liquidity, with a trading capacity of Rs 2.3 crore based on 2% of the 5-day average traded value. Overall, Ola Electric Mobility Ltd's performance today reflects a notable rebound amidst fluctuating investor engagement.