Ola Electric Experiences Increased Trading Activity Amidst Stock Decline and Market Challenges

Ola Electric Mobility Ltd, a midcap player in the automobile industry, has emerged as one of the most active equities today, with a total traded volume of 39,306,815 shares and a total traded value of approximately Rs 17,444.36 lakhs. The stock opened at Rs 45.85 and reached a day high of Rs 45.85, but also touched an intraday low of Rs 43.16, marking a decline of 6.34%. The last traded price (LTP) stands at Rs 44.08, reflecting a 1D return of -4.04%, which is notably lower than the sector's return of -1.17% and the Sensex's return of -0.94%.
Ola Electric is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its performance. Notably, the stock hit a new 52-week and all-time low of Rs 43.16 today. Despite this, there has been a rise in investor participation, with a delivery volume of 60.41 lakhs on June 20, which is up by 2.19% compared to the 5-day average delivery volume. The liquidity of the stock remains adequate for trades sized at Rs 1.55 crore, based on 2% of the 5-day average traded value. Overall, Ola Electric Mobility Ltd's performance today reflects significant activity amid challenging market conditions.