Ola Electric Mobility Faces Increased Trading Activity Amid Declining Stock Performance

Ola Electric Mobility Ltd, a midcap player in the automobile industry, has emerged as one of the most active stocks today, with a total traded volume of 39,190,262 shares and a total traded value of approximately Rs 173.97 crores. The stock opened at Rs 45.85 and reached a day high of Rs 45.85, but also experienced a significant intraday low of Rs 43.16, marking a decline of 6.34%. The last traded price stands at Rs 44.16, reflecting a 1D return of -4.04%, which underperformed the sector's return of -1.17% and the Sensex's return of -0.94%.
Notably, Ola Electric hit a new 52-week and all-time low of Rs 43.16 today. The stock 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. However, there has been a rise in investor participation, with a delivery volume of 60.41 lakhs on June 20, which is a 2.19% increase compared to the 5-day average delivery volume. The stock remains liquid enough for trades sized at Rs 1.55 crores, based on 2% of the 5-day average traded value. Overall, Ola Electric Mobility Ltd is navigating a challenging market environment, as reflected in its recent performance metrics.